AusGroup secures A$32m worth of new contracts in Western Australia
AUSTRALIAN construction engineering company AusGroup 5GJ : 5GJ 0% has been awarded multiple contracts across Western Australia's resources and energy sectors totalling some A$32 million (S$31.7 million).
Through the contracts, the mainboard-listed company has strengthened and maintained its order book of over A$1 billion, it said in a bourse filing on Thursday.
The contracts include resource projects focusing on rectification and fabrication works for conveyor gravity take-up units and twin boom stacker fabrication packages. They will also provide fabrication and onsite construction services for two waste-to-energy plants.
The group expects the projects will collectively create permanent and fly-in, fly-out employment opportunities over the coming months.
AusGroup's chief executive officer and managing director Shane Kimpton said: "These contracts will allow AusGroup to further solidify our presence in these sectors within our core services. Our order book is also strengthened, providing the group with greater revenue visibility and confidence into 2022."
Shares of AusGroup closed at S$0.025 on Thursday, up 4.2 per cent.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
READ MORE
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SocGen Q1 profit slumps less than expected as investment bank surprises
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct