Mestron bags RM10mil deal from Tamasco

KUALA LUMPUR: Mestron Holdings Bhd has secured a S$3.2mil (RM10mil) purchase order from Tamaco Pole Manufacturing Pte Ltd.

In a filing with Bursa Malaysia yesterday, the speciality pole maker noted the order is equivalent to about 22% of its revenue in financial year 2021 and will raise its total order book to RM63mil.

Under the terms of the agreement, the delivery will be done upon the receipt of the delivery memo from time to time, subject to full delivery by end-2023.

Some 93% of Mestron’s revenue in financial year 2021 was generated in Malaysia and the new order would offer an opportunities to diversify its earnings base beyond Malaysia, said managing director Por Teong Eng.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Bursa on track for another red close
Economist expects moderate growth of 4.7% for Malaysia's 2023 GDP
Two lessors file applications to cancel Garuda Indonesia restructuring deal
Budget 2023 to take account of current economic challenges - PM
Ringgit rebounds to open marginally higher against US$
Analysts stay bearish on Hartalega's earnings prospects
Bursa remains range-bound in lead up to domestic data
Trading ideas: MyEG Services, Hartalega, Artroniq, Tanco, SMRT, MNRB and Kerjaya Prospek
Music a red-hot asset class in new thematic ETF filing
Industrial production index growth at 6.9% in 2022

Others Also Read