BOUSTEAD HEAVY INDUSTRIES CORP [] Bhd's (BHIC) wholly owned sub-subsidiary BYO Marine Sdn Bhd has received a government contract worth RM130.7 million.
In a filing to Bursa Malaysia on June 14, BHIC said the company, which it holds through its unit Boustead Penang Shipyard Sdn Bhd, had received the letter of award for the contract to design and build ten units of Fast Interceptor Craft for Malaysian Maritime Enforcement Agency.
It said the contract was a period of 20 months.
It said the contract would have no material effect on its earnings for the financial year ending Dec 31, 2010, but would contribute positively to its future earnings.
Written by Surin Murugiah
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