Kuala Lumpur: Omesti Bhd’s associate unit Formis Network Services Sdn Bhd has secured the e-Courts Phase 3 Project contract award from the Prime Minister’s Department’s Legal Affairs Division worth RM70.54 million.

According to BERNAMA News Agency, the project will span three years, starting from March 1, 2025, and ending on February 29, 2028. It will involve the development, installation, maintenance, and upgrading works for the e-justice system.

The e-Courts Phase 3 Project is contingent upon a formal contract that will be signed between the government of Malaysia and Formis Network Services. The project is expected to positively impact the revenue, earnings per share, and net assets per share of Omesti Bhd. It is not anticipated to have an immediate effect on the gearing of the group for the financial year ending March 31, 2025.