DNeX bags RM11.17mil contract from IRB

KUALA LUMPUR: Dagang Nexchange Bhd's (DNeX) subsidiary Innovation Associates Consulting Sdn Bhd has secured an RM11.17 million contract from the Inland Revenue Board of Malaysia (IRB) in relation to software and maintenance of IRB’s Hasil Integrated Taxation Systems (HITS).

In a filing with Bursa Malaysia, the technology and energy group said the project would span two years starting Feb 15, 2024.

"The board of directors is of view that the HITS project is in the best interest of the company and is expected to contribute positively to the earnings and net assets per share of the company for the financial year ending Dec 31, 2024 onwards,” DNeX said. - Bernama