Dyna-Mac Holdings has secured additional work scope from existing customers for a total provisional contract sum of $8 million.
The group was awarded additional work scope for an ongoing project in its fabrication yard in relation to a turret module for a Floating Production Storage and Offloading (FPSO) vessel. The additional scope also includes pipe spool fabrication work.
The orders are not expected to have a material impact on the group’s earnings per share and net tangible assets for the FY2021 ending December.
In its filing to SGX on June 22, Dyna-Mac also disclosed that it has completed and loaded out the topside modules on FPSO MV34 for offshore platform supplier MODEC in 2Q2021.
See also: Dyna-Mac clinches fabrication contracts for $150 mil from long-standing customers
Dyna-Mac’s joint venture with China Merchant Group also successfully completed and loaded out topside modules for vessels in China.
Shares in Dyna-Mac closed down 0.2 cents or 2% lower at 9.8 cents on June 22.
Photo: Dyna-Mac
