Quick take: Contract win sends Censof shares up 12.5%
Published on 03 Oct 2019. | Source: thestar.com.my
KUALA LUMPUR: Shares of Censof Holdings Bhd jumped 12.5% in early trade Thursday on the heels of its new RM35mil job from Inland Revenue Board of Malaysia (IRB).
The counter added 12.5%, or 1.5 sen to 13.5 sen with 1.14 million shares done. In the past one year, it has fallen some 27%.
Censof has secured a RM34.77mil contract from the IRB to install licence renewal, software support and maintenance services for data warehouse systems at the board.
Censof said its wholly-owned subsidiary Century Software (Malaysia) Sdn Bhd has accepted a letter of award from the IRB on Oct 1 to undertake the project.
The tenure of the contract is for three years starting from Jan 1,2020 to Dec 31,2022.
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