KUALA LUMPUR (Oct 19): Technology services provider Heitech Padu Bhd has secured two contract extensions from the Road Transport Department (JPJ), amounting to an additional contract value of RM23.72 million.
In a bourse filing, Heitech Padu said two contracts had been extended by four months, from Oct 1 to Jan 31 next year.
The additional value for a maintenance and technical support services contract signed in May 2020 is RM13.23 million.
Meanwhile, the value of the supplemental agreement for an ICT infrastructure and mySIKAP system maintenance and technical support contract bagged in September 2021 is RM10.49 million.
Hitech Padu said any further renewal or extension of either contract is at the discretion of the government.
The group said the extensions are expected to contribute positively to its earnings for financial years FY22 (ending Dec 31, 2022) and FY23.
Shares of Heitech Padu finished one sen or 1.54% higher at 66 sen on Wednesday (Oct 19), giving the group a market capitalisation of RM66.81 million.