KUALA LUMPUR: Pasukhas Group Bhd
(PGB) has sold a vessel of steam coal to an unnamed Singapore company for US$4.93 million (RM20.44 million), to be delivered on a free on board basis with the anchorage point of South Kalimantan, Indonesia.
Its wholly-owned Pasukhas Products Sdn Bhd inked the contract today, said the construction company which recently diversified into coal trading.
In a filing with Bursa Malaysia, PGB said the deal was expected to contribute positively towards the future earnings and net assets per share of the group for the financial year ending Dec 31, 2018.
The board was of the view that the contract was in the best interest of the company, after considering the potential financial benefits arising from the contract, it added. - Bernama