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Ntegrator wins S$11.3m contract from regional service provider
CATALIST-listed Ntegrator International Ltd has secured a S$11.3 million contract from a regional service provider, the company announced on Thursday.
This latest contract lifts its order wins to over S$22.3 million for the current fiscal year.
It is scheduled to commence in August 2016, for a contract period of three calendar years.
The communications network company will be responsible for the supply of outside plants services involving pipeline and manhole works.
"Our latest contract win, which was awarded by a repeat customer in the network and communications space, signals our strong and continuing relationships with key industry players in Singapore and the region," said Ntegrator managing director Jimmy Chang.
The company said that this contract win is expected to contribute positively to Ntegrator's financial performance over the next three financial years, "subject to timely completion of the project and effective cost management".
The contract is not expected to have a material impact on the earnings per share and net tangible asset per share of Ntegrator for the financial year ending Dec 31, 2016.