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Catalist-listed Acromec bags S$10.3m contract

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Mr Lim said that the projects validate the group’s “strategy to prioritise and allocate a greater proportion of our resources... to enlarge our footprint in these fast-growing sectors with high barriers to entry for competitors”.

SGX Catalist-listed Acromec Limited, an engineering service provider in the field of controlled environments that mainly serves the healthcare, biomedical, research and academia sectors, won a contract worth S$10.3 million on Wednesday.

The contract involves the fitting out of a Class 100 research cleanroom at Fusionopolis for an existing customer, which is expected to be delivered by the second quarter of the next financial year ending Sept 30, 2017. With this win, the group's current order book stands at approximately S$40 million.

It will also contribute to the revenue of the group, and is expected to have a positive impact on its earnings per share and net tangible asset per share, the majority of which relate to the next financial year ending Sept 30, 2017.

sentifi.com

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