TechnoDex secures MOF contract

by **Cals** Wed 11 Nov 2015, 22:16

TechnoDex secures MOF contract

By Gho Chee Yuan / theedgemarkets.com | November 11, 2015 : 5:57 PM MYT

KUALA LUMPUR (Nov 11): [size=16]TechnoDex Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 2.25) has bagged a hardware and software maintenance service contract from the Ministry of Finance (MOF), valued at RM6.93 million, inclusive of Goods and Services Tax (GST).

The open source based business software developer told Bursa Malaysia in a filing today that it had received a letter of acceptance from the valuation and property services department of MOF, Malaysia, for the above contract on Nov 5, 2015.

According to TechnoDex, the contract was for the provision of property information system Malaysia (PRISM) hardware and software maintenance in the valuation and property services department, subject to the terms and conditions stipulated in the LOA.

The contract is for a period of two years and three months, commencing Sept 1, 2015 until Nov 24, 2017.

It said the contract will have a positive effect on the revenue or earnings of the group for the financial year ending April 30, 2016 and is expected to contribute positively to the future earnings and net assets of the group.

Shares in TechnoDex inched up 0.5 sen or 4.35% at 12 sen today, for a market capitalisation of RM43.17 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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