by TMR / pic by TMR FILE
Godell Gas inks 2 LNG agreements with Petronas
GODELL Gas International Sdn Bhd signed two liquefied natural gas (LNG) supply agreements with Petroliam Nasional Bhd (Petronas) through its subsidiary, Petronas Dagangan Bhd, to meet the growing demand for cleaner energy in Malaysia. In a statement yesterday, Godell Gas president and group MD Raja Azhar Raja Ismail said the group will market and deliver the LNG to off-grid customers throughout Malaysia via a virtual pipeline system to storage and vaporiser facilities financed, built and operated by Godell Gas at respective customers’ business premises. Under the agreement, Godell Gas will secure the receiving LNG-fuelled vessels and facilitate the ship-to-ship bunkering services.
AEON Credit rolls out eKYC for merchants, biz partners
AEON Credit Service (M) Bhd begun the rollout of CTOS’ e-Know Your Customer (eKYC) solution to its customers comprising 12,000 merchants and business partners. In a statement yesterday, CTOS Data Systems Sdn Bhd said the move is expected to fast-track the overall use of eKYC solutions in the Malaysian marketplace and contribute to further digitisation of the economy. The eKYC developed by Malaysia’s largest credit reporting agency, CTOS, is a digital identity verification system that helps businesses verify the identity of customers remotely.
Handal Energy receives contract from EnQuest
HANDAL Energy Bhd’s wholly owned unit, Handal Offshore Services Sdn Bhd, received a letter of award from EnQuest Petroleum Production Malaysia Ltd for the provision of adhoc offshore crane operator services. In a filing to the stock exchange yesterday, the company said the contract is for a duration of three years with an additional one-year extension option commenced from Aug 3, 2020. It is expected to contribute positively to the earnings of Handal group for the financial year ending June 30, 2021, and in its subsequent financial years until the expiry of the contract.
Zhulian’s 3Q earnings fall 17.8% to RM33.2m
ZHULIAN Corp Bhd’s net profit for the third quarter ended Aug 31, 2020 (3Q20), fell 17.8% year-on-year (YoY) to RM33.2 million from RM40.4 million a year ago. In a filing to Bursa yesterday, the company noted that its revenue for the quarter also fell 3.4% YoY to RM127.1 million from RM131.5 million last year, mainly due to the Movement Control Order imposed by the government which mandated the group to stop all production, hence, affecting its ability to fulfil sales orders. Profit before tax for the period under review was RM43.1 million, a 14.2% YoY decrease or RM7.2 million, compared to last year’s corresponding period of RM50.3 million. A third interim dividend of three sen per ordinary share totalling RM13.8 million was declared yesterday.