KUALA LUMPUR (APRIL 9): SILK Holdings Bhd’s unit has secured a contract extension worth RM10.77 million from Petrofac Malaysia Ltd.
The company said on Monday that its unit Jasa Merin (Malaysia) Sdn Bhd had accepted the award from Petrofac for the contract extension of Jasa Merin’s anchor handling tug supply vessel JM Intan to Petrofac.
SILK said the contract which commenced on July 23, 2009, had a primary period of two years with the extension options of 1+1+1 year, is to be extended for the second extension commencing July 23, 2012 until 22 July 2013.
The company said the contract extension was expected to contribute positively to its earnings for the financial years ending 31 July 2012 and 2013.
The company said on Monday that its unit Jasa Merin (Malaysia) Sdn Bhd had accepted the award from Petrofac for the contract extension of Jasa Merin’s anchor handling tug supply vessel JM Intan to Petrofac.
SILK said the contract which commenced on July 23, 2009, had a primary period of two years with the extension options of 1+1+1 year, is to be extended for the second extension commencing July 23, 2012 until 22 July 2013.
The company said the contract extension was expected to contribute positively to its earnings for the financial years ending 31 July 2012 and 2013.
