Alam Maritim awarded RM70.52mil contract

  • Business
  • Tuesday, 01 Mar 2011

PETALING JAYA: Alam Maritim Resources Bhd said its wholly-owned unit was recently awarded a contract extension valued at RM70.52mil for the provision of one unit accommodation work barge.

The company told Bursa Malaysia yesterday that the contract extension will be effective April 12 this year to January 13 2013, or some 21 months, with a further option to extend for another year.

“The contract is expected to contribute positively to the earnings and net assets of Alam Maritim for the financial year ending December 31 2011 and beyond,” it said.

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