Latest news with #MesiniagaBhd
BusinessToday
04-07-2025
- Business
- BusinessToday
Mesiniaga Wins RM148 Million KWAP Contract For New Pension System
Mesiniaga Bhd has been awarded an RM148 million contract by Retirement Fund (Incorporated) (KWAP) for the provision, delivery, installation, testing and commissioning of a new pension system. In a Bursa filing, Mesiniaga said it signed and accepted the Letter of Award on July 3, 2025. The project is slated for completion by July 2028, with an optional support and maintenance package valued at RM64.5 million extending through July 2033. The contract, however, does not include an automatic renewal clause. 'This project is expected to contribute positively to the group's earnings and net assets from the financial year ending Dec 31, 2025, onwards,' the company stated, adding that the contract is not expected to impact Mesiniaga's share capital or major shareholder structure. This latest win strengthens Mesiniaga's position as a trusted technology partner in mission-critical government systems, as Malaysia continues its push toward digital public service delivery and modernised infrastructure. Related
The Star
04-07-2025
- Business
- The Star
Mesiniaga secures RM148mil KWAP pension system contract
PETALING JAYA: Mesiniaga Bhd has secured a RM148.01mil contract from the Retirement Fund (Incorporated) or KWAP for the provision of a new pension system for the statutory body. In a filing with Bursa Malaysia, the technology solutions provider stated the scope of work includes the supply, delivery, installation, testing and commissioning of the system. The total contract value also includes an optional support and maintenance package worth RM64.51mil, which will cover services from the fifth to the eighth year of the project. The project is slated for completion by July 2028, with an optional support period extending to July 2033 if exercised, though Mesiniaga noted the contract does not carry an automatic renewal clause. It added the contract is expected to contribute positively to the group's earnings and net assets from the financial year ending Dec 31, 2025, onwards. In the first quarter of the financial year ending Dec 31, 2025 (1Q25), Mesiniaga posted a lower net profit of RM1.68mil as compared to RM3.01mil in the same quarter of the previous financial year. Its revenue, however, saw a slight increase from RM53.06mil in 1Q24 to RM53.92mil in 1Q25.
New Straits Times
04-07-2025
- Business
- New Straits Times
Mesiniaga secures RM148mil order from KWAP for new pension system
KUALA LUMPUR: Mesiniaga Bhd has secured a RM148 million contract from Kumpulan Wang Persaraan (Diperbadankan) or KWAP for a new pension system for the retirement fund. In a filing with Bursa Malaysia, the IT solutions provider said the contract encompasses the provision, delivery, installation, testing and commissioning of the system. Mesiniaga will also offer an optional support and maintenance package worth RM64.5 million covering services from the fifth to the eighth year. The project is slated for completion by July 2028, while the optional maintenance package, if exercised, will extend until July 2033. The company said there is no automatic renewal clause tied to the agreement. "The contract will not affect the share capital and substantial shareholders' shareholdings of the company. "However, it is expected to contribute positively to Mesiniaga's earnings and net assets for the financial year ending Dec 31, 2025 onwards until the completion of the contract," it added.
The Star
23-05-2025
- Business
- The Star
Trading ideas: Mesiniaga, Gas Malaysia, Uzma, CelcomDigi, YTL Power, KLK, UEM Sunrise, Bumi Armada, Batu Kawan, DRB-Hicom, DLMI, Prolintas, Press Metal, Cahya Mata
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Mesiniaga Bhd has secured a RM251.9mn contract from the Ministry of Finance for maintenance and infrastructure support services for the Integrated Government Financial and Management Accounting System of the Accountant General's Department of Malaysia. Gas Malaysia Bhd has launched Malaysia's first centralised biomethane injection station in a landmark effort to drive the growth of renewable energy. Uzma Bhd has announced that it has secured Malaysia's remote sensing satellite project that spans over eight years. In 1QFY25, CelcomDigi Bhd posted a net profit of RM383.8mn, up from RM376.5mn in the year-ago quarter, which translated to an earnings per share of 3.3 sen from 3.2 sen previously. YTL Power International Bhd recorded a lower net profit of RM489.4mn for 3QFY25, from RM698.7mn in the same quarter last year, mainly due to weaker power generation margins and foreign exchange losses. Kuala Lumpur Kepong Bhd posted a 31.8% jump in net profit to RM154.3mn for 2QFY25, from RM117.1mn a year ago, on improved plantation profit. UEM Sunrise reported a 150.5% YoY surge in net profit for 1QFY25 to RM417.6mn from RM225mn supported by higher revenue and lower finance costs. Bumi Armada Bhd 's 1QFY25 net profit fell to RM182.8mn from RM240.5mn, while revenue shrank to RM474mn from RM635.5mn in the year-ago quarter due to reduced contributions from two of its floating production storage and offloading vessels. Batu Kawan Bhd 's 2QFY25 net profit witnessed a 3.7% YoY increase to RM87.9mn from RM84.7mn, carried by higher palm product prices, offset by lower sales volume and fair value loss on unharvested oil palm. DRB-Hicom Bhd recorded an 80.6% YoY decline in net profit for 1QFY25 to RM17.7mn from RM91.5mn in the same period last year due to reduced revenue across major segments, coupled with higher depreciation and amortisation expenses. Dutch Lady Milk Industries Bhd reported a 6.1% YoY decline in 1QFY25 to RM25mn from RM26.7mn, on lower operating profit. Prolintas Infra Business Trust posted a 70.5% rise in net profit to RM3.6mn for the 1QFY25 from RM2.1mn a year ago, supported by increased toll revenue. Press Metal Aluminium Holdings Bhd's net profit for 1QFY25 rose by 13.2% to RM461.8mn from RM408.0mn in the same period last year, mainly due to higher metal prices and stronger profit contribution from associated companies. Cahya Mata Sarawak Bhd net profit fell 33.8% YoY to RM25.3mn in 1QFY25 from RM38.3mn, dragged by unfavourable foreign exchange, and lower contribution from associates and joint ventures.
The Star
22-05-2025
- Business
- The Star
Mesiniaga bags RM251.9mil government contract
KUALA LUMPUR: Mesiniaga Bhd has secured a RM251.9mil contract from the Ministry of Finance. The contract covers maintenance and infrastructure support services for the Integrated Government Financial and Management Accounting System (iGFMAS) of the Accountant General's Department of Malaysia. In a filing with Bursa Malaysia, Mesiniaga said the contract took effect immediately and is scheduled for completion by April 30, 2030. The contract does not include an automatic renewal clause. Mesiniaga expects the contract to contribute positively to its earnings and net assets for the financial year ending Dec 31, 2025, onwards until the contract's expiry.
