Microlink unit receives RM37.5mil order for LHDN computer system

KUALA LUMPUR: Microlink Solutions Bhd's wholly owned subsidiary Applied Business Systems Sdn Bhd has received a RM37.5mil contract to supply and maintain hardware and software for the Hasil Integrated Tax System.

In a filing with Bursa Malaysia, the group said it received the order from Strateq Sdn Bhd, which has a tenure of three years from February 2020.

Microlink expects the order to contribute positively to its revenue and earnings for the financial year ending March 31,2020, and for the duration of the contract thereafter.

At 12.30pm, Microlink stock was last traded two sen lower from the previous close at 90 sen a unit on the back of 24,300 shares exchanging hands.