PUTRAJAYA: Prestariang Bhd expects to perform better this financial year ending Dec 31, 2018 (FY18) backed by its ongoing projects.
President and group CEO Abu Hassan Ismail said the change in government is not expected to affect its 15-year concession agreement with the government for the implementation of Sistem Kawalan Imigresen Nasional (SKIN).
"They have placed 60 immigration officers full time for SKIN," he told reporters at its AGM today.
He said the government is committed and the project will go on.
Prestariang's net profit doubled to RM6.51 million for the first quarter ended March 31, 2018 from RM3.22 million a year ago.
The group attributed the sharp jump in earnings to the contribution from its technology division, including the concession revenue recorded from SKIN.
Revenue rose 66% to RM72.75 million from RM43.89 million a year ago.