Uzma gets umbrella contract from Petronas Carigali

PETALING JAYA: Uzma Bhd has received an umbrella contract for the provision of well abandonment integrated services from Petronas Carigali Sdn Bhd.

The umbrella contract has a tenure of two years from March 29, 2018, with an extension option period of one year, it told the stock exchange.

The contract is expected to contribute positively to the group’s earnings and enhance net assets per share for the ending June 30, 2018 onwards.

Uzma closed unchanged at RM1.35 today with 73,700 shares done.

Source: The Sun Daily

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