Oiltek International has won RM61.9 million worth of new contracts across global markets from Africa, the Americas, Thailand, Indonesia and Malaysia, bringing its total order book to RM402.4 million.
“These new contracts underscore Oiltek’s global competitiveness, diversified client base, and resilience amid economic uncertainties," says executive director and CEO Henry Yong Khai Weng.
"They also reflect our customers’ confidence in us, due to our proven track record, strong process engineering capabilities, and innovative and comprehensive range of
engineering solutions," he adds.
The new contracts are expected to have a positive impact on Oiltek's financial performance for the financial year ending Dec 31.
Oiltek shares closed at $1.16 on April 15, up 3.57%.
