Iris Corp bags RM4.96m passport system maintenance job

PETALING JAYA: Iris Corp Bhd has been awarded a RM4.96 million contract by the Ministry of Home Affairs for passport system maintenance job.
The job comes after group's contract to supply e-passport chips to the Malaysian government was not renewed in May 2016. Felda Investment Corp holds a 19.4% stake in Iris.
The group told Bursa Malaysia that the contract is for the provision of maintenance services of equipment, software, and facial live capture image (application system) at all passport recipient and issuance offices of Immigration Department of Malaysia.
It is for a period of three years from Jan 1, 2018 to Dec 31, 2020 and is expected to contribute positively to Iris' earnings and net assets per share for the financial years ending March 31, 2018 onwards until the expiry of the contract.
Iris' share price rose 1 sen or 6.9% to close at 15.5 sen on some 17.41 million shares done.