not vested
Deleum unit gets Petronas Carigali job
KUALA LUMPUR: Deleum Bhd's unit Deleum Primera Sdn Bhd has clinched an award from Petronas Carigali Sdn Bhd on Nov 18, for the provision of painting and alternative blasting.
In a statement to Bursa Malaysia on Monday, Deleum said the said works is for Package B: Sponge Jet Blasting and Package C: Bristle, Wet Abrasive and Vacuum Blasting, for Peninsular Malaysia and East Malaysia operations.
Deleum said the value of the contracts depends on the agreed rates and the work order issued by Petronas for the duration of the contracts, which is for two years effective Nov 18 with the option of one year extension.
The contract is expected to contribute positively towards the earnings and net assets per share of Deleum for the financial years ending Dec 31, 2014 to Dec 31, 2016.
Source: The Star