KUALA LUMPUR (July 12): Technology solutions provider Microlink Solutions Bhd announced that it had, on Tuesday (July 11), accepted a letter of award (LOA) worth RM28.97 million from the National Audit Department to design, develop and deliver a data warehouse, audit analytics application, audit dashboard as well as hardware and other supporting infrastructure.

In the filing with Bursa on Wednesday, the company said that the contract is subject to a formal agreement being entered into by the National Audit Department and Microlink.

The project is expected to commence beginning August 2023 and will run for three years, concluding in July 2026.

The company is expecting the LOA to contribute positively to the revenue, earnings per share and net assets per share of Microlink and does not expect it to have a material effect on the gearing of the company.

In a press statement, Microlink said that it will work closely with the National Audit Department during this period to develop and deliver these cutting-edge solutions and achieve the project’s objectives.

Mircolink CEO Ramlee Abdullah also said that by using data analytics, advanced algorithms and machine learning, Microlink’s solutions can analyse extensive datasets to reveal patterns, trends and correlations. This would enable clients to unlock the full value of their data, leading to meaningful outcomes.

At 5.04pm, Microlink’s share price stood at 92.5 sen, up 1.65% from the previous close, putting its market capitalisation at some RM986 million.