Omesti's Associate Unit Secures e-Courts Phase 3 Project Worth RM70.54 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- Omesti Bhd’s associate unit Formis Network Services Sdn Bhd has secured the e-Courts Phase 3 Project contract award from the Prime Minister’s Department’s Legal Affairs Division worth RM70.54 million.

In a filing with Bursa Malaysia today, it said the three-year project, commencing from March 1, 2025, to Feb 29, 2028, would involve the development, installation, maintenance and upgrading works for the e-justice system.

“The e-Courts Phase 3 Project is awarded subject to a formal contract to be entered into between the government of Malaysia and Formis Network Services in due course.

“The project is expected to contribute positively to the revenue, earnings per share and net assets per share of the group and is not expected to have an immediate effect on the gearing of the group for the financial year ending Mar 31, 2025,” it said.

-- BERNAMA