KUALA LUMPUR (April 2): Alam Maritim Resources Bhd has bagged an RM24.8 million work order for the charter of anchor handling tug supply (AHTS) vessels to Petronas Carigali Sdn Bhd.
In a bourse filing today, Alam Maritim said its wholly-owned subsidiary Alam Maritim (M) Sdn Bhd was awarded the contract by Petronas Carigali for up to 460 days from Feb 11 this year.
"The contract is expected to contribute positively to the group's earnings and net tangible assets for the financial year ending Dec 31, 2020 and thereafter within the duration of the contract," it added.
Shares in Alam Maritim closed up 3 sen or 66.7% at 7.5 sen today, bringing it a market capitalisation of RM84.88 million. Year to date, Alam’s share price has fallen 44%.
http://www.theedgemarkets.com/article/alam-maritim-bags-rm25m-contract-petronas-carigali
