Quick take: Censof shares rise on contract win

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KUALA LUMPUR: Shares in Censof Holdings Bhd rose in early commerce Tuesday after securing a contract from the Social Security Organisation (Socso).

The tech answer supplier climbed 1.64%, or 0.5 sen to 31 sen, its highest in virtually two weeks. Year-to-date, the counter has risen over 19.2%.

Censof has secured a contract price RM5.14mil from Socso to handle and improve the latter’s knowledge storage for its complete Saga System.

It mentioned its wholly-owned subsidiary, Century Software (M) Sdn Bhd, had accepted a letter of award from Socso for the job.

The contract is for a interval of three years, commencing from Feb 1, 2022 to Jan 31, 2025.

“Bearing any unforeseen circumstances, the board is of the opinion that the contract will contribute positively to the earnings per share and the future earnings of Censof group,” it mentioned.



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