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Digistar secures RM24m orders for broadcast systems
by hlk Wed 23 Nov 2011, 18:49
KUALA LUMPUR (Nov 23): DIGISTAR CORPORATION BHD []’s unit has secured about RM24 million in new orders for base band broadcast system, security system and other electronic and electrical systems.
It said on Wednesday its unit, Digistar Holdings Sdn Bhd had secured new orders from its existing and new clients and the delivery period of these orders ranged from one month to 18 months.
“These orders will have a positive effect on Digistar group's net asset for the financial year ending Sept 30, 2012 and Sept 30, 2013. They are also expected to contribute positively to the future earnings of Digistar Group for the financial year ending Sept 30, 2012 and Sept 30, 2013,” it said.
Digistar said these orders would be funded by its own funds and banks borrowings. As for its gearing, it would hinge on the amount of financing required over the tenure of these orders and is temporary in nature, which would reduce accordingly upon their completion.
It said on Wednesday its unit, Digistar Holdings Sdn Bhd had secured new orders from its existing and new clients and the delivery period of these orders ranged from one month to 18 months.
“These orders will have a positive effect on Digistar group's net asset for the financial year ending Sept 30, 2012 and Sept 30, 2013. They are also expected to contribute positively to the future earnings of Digistar Group for the financial year ending Sept 30, 2012 and Sept 30, 2013,” it said.
Digistar said these orders would be funded by its own funds and banks borrowings. As for its gearing, it would hinge on the amount of financing required over the tenure of these orders and is temporary in nature, which would reduce accordingly upon their completion.
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