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BUSINESS

TMR LC Services secures contract extension from Petronas

04/01/2021 02:22 PM

KUALA LUMPUR, Jan 4 -- TMR LC Services Sdn Bhd, a 70 per cent owned unit of Damansara Holdings Bhd has secured a contract extension from Petronas Refinery and Petrochemical Corporation Sdn Bhd for the Package 20-A5 for RM67.38 million at Pengerang Johor.

Among the contract extension includes change in operating model of accommodation and cafeteria services, additional operation and maintenance scope for non-process buildings and visitor centres, and provision for office and pantry supplies.

“The contract extension period is two years commencing March 1, 2020 until Feb 28, 2022,” the company said in a filing with Bursa Malaysia.

The revenue from the contract extension is expected to contribute positively to the earnings of the group during the duration of the contract.

The board of Damansara Holdings is of the opinion the revenue generated from the contract extension is in the best interest of the group.

-- BERNAMA

 


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