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Handal pockets RM16m UMW contract
by Cals Wed 12 Mar 2014, 20:34
| Handal pockets RM16m UMW contract |
| Business & Markets 2014 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Wednesday, 12 March 2014 18:05 |
KUALA LUMPUR (Mar 12): Handal Resources Bhd has secured an estimated RM16 million contract from UMW Petrodril (M) Sdn Bhd.
In a filing with the stock exchange, Handal said it would provide a portable-platform crane to UMW Petrodril.
Handal which supplies offshore cranes said its wholly-owned subsidiary Handal Offshore Services Sdn Bhd had received the letter of award from UMW Petrodril.
"The contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group (Handal) for the financial year ending 31 December 2014,” said Handal
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