Boustead unit bags A$30m contract from Australian government department
MAINBOARD-listed Boustead Singapore's unit, Esri Australia, has secured a A$30 million (S$29 million) contract to provide an Australian federal government department with geographic information systems technology.
The contract arises from a renewal of an existing arrangement with the client, and involves a multi-year enterprise agreement.
Boustead said that the contract is expected to have a positive material impact on the profitability and earnings per share of the group in the current financial year ending March 31, 2021. However, it is not expected to have a material impact on net tangible asset value per share for FY2021.
Shares of Boustead, trading cum dividend, closed down 0.69 per cent at S$0.715 on Monday before the announcement.
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