ARB Bhd’s unit has set up a joint-venture with Orange Social Media Sdn Bhd (OSM) to develop and implement an enterprise resource planning (ERP) system platform.
ARB Bhd reported today a 4,263% spike in net profit at RM8.29 million in its third quarter ended Sept 30,2019 (3QFY19) from RM186,000 a year earlier, helped by a substantial revenue rise on IT-based income.
ARB Bhd has signed a contract with a Cambodia agriculture products firm to provide an enterprise resource planning (ERP) system. ARB, formerly known as Aturmaju Resources Bhd, said the contract with Tatan Land Co Ltd is expected to contribute an estimated US$20 million (RM84 million) to the group’s topline per year.
The investing fraternity may not be familiar with little known ARB Bhd but its former name, Aturmaju Resources Bhd, may ring a bell, especially to punters. In the fourth quarter last year, ARB started generating interest with its share price almost doubling from 32 sen on Oct 19 to a 52-week high of 59.5 sen on Jan 17, with the emergence of Datuk Larry Liew Kok Leong as a substantial shareholder.
ARB Bhd’s diversification from the timber business into information technology (IT)-related services has been gaining traction and is a boon to its earnings.
ARB Bhd, previously known as Aturmaju Resources Bhd, is teaming up with two China-based companies for the provision of water supply-related technology with a combined project value of about RM800 million.
Information technology (IT) solutions and services provider ARB Bhd signed two memoranda of understanding (MoU) today for projects worth at least US$120 million (RM499.8 million).
ARB Bhd, a wood products manufacturer which diversified into information technology a year ago, has teamed up with a Cambodian firm to implement the enterprise resource planning (ERP) system and solutions in that country.