Under the two contracts, Lincotrade will provide interior fitting-out services for office spaces in Singapore for a local developer and a customer in the aviation sector. The two projects are expected to be completed by the end of FY2024 and FY2025 respectively.
Lincotrade & Associates Holdings has secured two projects with an aggregate contract value of approximately $28.1 million. This follows the company’s reported $8.74 mill loss for FY2023 ended June, which recognised one-off non-cash reverse takeover (RTO) expenses of approximately $10.8 million.
Lincotrade, which is a Catalist-listed company specialising in interior fitting-out services, says that these two new contracts will strengthen its order book to approximately $70.0 million as at Sept 30. This will be generally fulfilled within two years.
