Acromec secures two contracts worth S$7.1m

LOCAL cleanroom specialist Acromec, a Catalist board debutant whose shares started trading on Monday, said it has won two contracts totalling S$7.1 million from a customer in the healthcare sector.

This brings its current order book to about S$47 million.

The first contract relates to the refurbishment and enhancement of a restructured hospital's existing operating theatres and is scheduled to commence in May and complete in October this year.

The second contract involves the revamping of an existing ward and the addition of two new isolation rooms at the restructured hospital and is scheduled to commence in May and complete in November.

Acromec's executive chairman and managing director Lim Say Chin said: "We are greatly encouraged by the two contract wins from the healthcare sector, particularly so because it was received from our repeat customer. This is a reflection of their confidence in us and in our established track record and good reputation, which we have built over the years".

These contracts will contribute to the revenue of the group and are expected to have a positive impact on its earnings per share and net tangible asset per share for the financial year ending Sept 30, 2016.