Dayang is a hot counter on Bursa these days. After froming a company to start tendering projects in Brunei,Dayang announced that its subsidiary, DESB Marine Services Sdn Bhd, has secured a RM70 million contract for the time charter of its workboat for three years.Dayang said DESB received the Letter of Award (LOA) from Nautika Sdn Bhd yesterday, for the time charter of the Dayang Zamrud for well reservoir management to Brunei Shell Petroleum Company Sdn Bhd.
It said the contract is expected to contribute positively to the earnings and net assets of the Group for the financial years ending December 31, 2010 to December 31, 2012.
There are no significant risks involved in fulfilling the contract obligation, it added.
This is great news for Dayang shareholders are the revenue from this project will impact the bottom line of Dayang beginning 2010 to 2012.
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