Malaysian Eftpos deal

Provenco Group is expanding its international business with a $6 million deal to add Eftpos payment terminals to new petrol stations in Malaysia.

The deal with Petronas Dagangan, the Malaysian national oil company, is for "a sizeable number" of terminals and related equipment at stations opening over the next year, chief executive David Ritchie says.

Provenco has 5000 terminals in Malaysia as a result of a deal signed last year. Ritchie expects that deal to figure into a yearly operating profit, before goodwill but before taxes, this year of about $7.2 million.

The company reports results in August and Ritchie said most of this new deal would be accounted for in next year's results.

Provenco shares rose 7c yesterday to close at 83c.