Faber to disclose hospital service job value after April 1

  • Business
  • Saturday, 28 Mar 2015

PETALING JAYA: Faber Group Bhd will disclose the contract value of the hospital support services (HSS) after April 1 and after it gets the Government’s approval to do so. The 10-year HSS contract takes effect next month, it managing director said.

Speaking to reporters after an EGM to approve the company’s name change to UEM EDGENTA BHD (UEMEdge), Faber managing director and chief executive officer Azmir Merican

Azmir said that the company would administer the provision of HSS through its 40%-held companies in Sabah and Sarawak. It will wholly-own the operations in the northern states of peninsular Malaysia.

“We are (considered) a significant minority shareholder in delivering this (service in Sabah and Sarawak),” he said.

Analysts said it was important for the company to be transparent about the contract value to enable more accurate company projections.

The group announced in January that it was awarded a 10-year contract to provide HSS and to undertake the development of assets and services information system at government healthcare facilities in certain states.

On the merger with Projek Penyelenggaraan Lebuhraya Bhd and Opus Group Bhd, Azmir said Opus had emerged as a “significant contributor” to Faber’s earnings in the fourth quarter ended Dec 31, 2014.

“We expect the contribution from (each unit) this year to be about the same as last year and are not expecting any major changes,” he said.

The company will soon be venturing into Saudi Arabia through a joint venture between Opus Group Bhd and Opus International Consultants Ltd. The new entity will offer asset management services there.

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Business , Faber , UEM , Hospital Support Services


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