KUALA LUMPUR: Uzma Bhd said a foreign subsidiary has accepted a two-year contract extension from Medco Energi Thailand (Bualuang) Ltd for hydraulic workover unit services offshore Thailand.
The contract was awarded to Uzma's MMSVS Group Holding Co. Ltd. Thailand.
The contract is effective on Mar 20, 2024 and shall remain valid for a period of two years until Mar 19, 2026. The contract is a continuation from the previous award on Mar 20, 2021.
It is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2024 and onwards until the expiry of the contract.
Uzma's share price closed one sen lower to RM1.25 a share.