Friday 01 Dec 2023
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KUALA LUMPUR (Nov 21): Uzma Bhd's wholly owned subsidiary Uzma Engineering Sdn Bhd has bagged a contract from Petronas Carigali Sdn Bhd for the leasing, operation and maintenance of a D18 water injection facility.

In a Bursa Malaysia filing on Monday (Nov 21), Uzma said the scope of work comprises continuing the facility's operations, which has been at the exact location since July 2016, under operation and maintenance (O&M) by Uzma Engineering.

The contract duration, which is valid for five years commencing from the date of the letter until Oct 28, 2027, is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2023, and onwards until the expiry of the contract.

On Monday, Uzma's share price settled unchanged at 39 sen, bringing the group a market capitalisation of RM137.3 million.

Edited ByIsabelle Francis
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