Acromec has secured a contract worth approximately $4.8 million for a customer in the biotechnology sector for the fitting out of a laboratory, office and support rooms at Kallang Way.
The project is scheduled to be substantially completed by the end of the FY2021 ending September.
SEE:Shares in Acromec close 18.3% up after securing contracts worth $17.0 mil
Lim Say Chin, executive chairman and managing director of Acromec notes the challenging business environment due to the Covid-19 pandemic, but states that the company “will continue to ensure the delivery of quality works that meets [their] customers’ expectations.”
The contract is expected to contribute positively to the earnings per share and net tangible assets per share of the group for the FY2021.
As at 3.33pm, Acromec shares are up 8.75% or 0.7 cents higher at 8.7 cents.
