Aemulus secures RM37.9mil orders from auto industry

KUALA LUMPUR: Aemulus Holdings Bhd's subsidiary secured new orders worth about about RM37.9mil from existing customers in Malaysia for automotive device tests systems.

In a filing with Bursa Malaysia, the group said the revenue from the new orders will be recognised progressively upon delivery of the systems.

It said the orders are expected to be fulfilled from August 2022 to June 2026.

"The secured orders are expected to contribute positively to earnings of the Company for the financial year ending 30 September 2022 and the subsequent financial years," it said.