KUALA LUMPUR – TMR LC Services Sdn Bhd, owned by Damansara Holdings Bhd with a 70% stake, has secured a contract extension from Petronas Refinery and Petrochemical Corp Sdn Bhd for the Package 20-A5 for RM67.38 million at Pengerang Johor.
Among the contract extension includes change in operating model of accommodation and cafeteria services, additional operation and maintenance scope for non-process buildings and visitor centres, and provision for office and pantry supplies.
“The contract extension period is two years commencing March 1, 2020 until February 28, 2022,” the company said in a filing with Bursa Malaysia.
The revenue from the contract extension is expected to contribute positively to the earnings of the group during the duration of the contract.
Damansara Holdings' board, meanwhile, said the revenue generated from the contract extension is in the best interest of the group. – Bernama, January 4, 2021
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