Microlink bags RM17.8mil contract from LPPSA

KUALA LUMPUR: Microlink Solutions Bhd has bagged a RM17.8mil contract from Public Sector Home Financing Board (LPPSA) for the maintenance and support services for the loan management system.

In a Bursa filing, Microlink said its wholly owned subsidiary Microlink Systems Sdn Bhd (MSSB), received the letter of award (LoA) from LPPSA.

The contract is for a period of five years, commencing from April 1, 2023 until March 31, 2028 with no clause on renewal in the LoA

“The LoA is expected to contribute positively to the revenue, earnings per share and net assets per share of Microlink and is not expected to have a material effect on the gearing of the Microlink for the financial year ending March 31, 2023 onwards until the expiry of the LPPSA contract,” Microlink said.