ISOTeam, the building maintenance and housing estate upgrading company, secured a second batch of contracts worth $21.4 million for its current financial year ending June 30, 2021.
This brings the total number of projects secured financial year-to-date (y-t-d) to $42.3 million.
The new projects will be progressively completed by October 2022.
They include an interior rejuvenation project for an integrated resort in Singapore with a contract value of $10.5 million, with a completion date of February 2021.
Another four repair and redecoration projects worth $8.7 million including works at 20 blocks at the Holland and Commonwealth areas are expected to be completed by April 2022.
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An additional six coating and painting projects involving works to a three-storey podium block, as well as to nine blocks of residential development areas at Sengkang Central, with a contract value of $2.1 million, are expected to be completed by October 2022.
Lastly, one landscaping project worth some $0.2 million is expected to be completed by August 2021.
“2020 has been a very challenging year for our industry but we are very motivated by the latest contract wins and glad that the Group is able to end the year on a good note,” says Anthony Koh, executive director and CEO of ISOTeam.
“Despite the ongoing economic uncertainty, the number of projects up for tender appears to be increasing with the gradual resumption of construction activities. We will continue to pursue all leads in order to boost our order book and ensure that our resources are optimally utilised,” Koh adds.
Shares in ISOTeam closed 0.1 cent higher or 0.7% up at 13.7 cents on Dec 4.
