Lincotrade & Associates Holdings (SGX:BFT
) announced that it has secured seven new contracts with an aggregate value of $16.8 million for the three-month period from Jan 1 to March 31 (3QFY2026).
With the latest wins, Lincotrade’s order book increased to $107 million as at March 31, compared to $81 million a year ago. Lincotrade adds that most of the newly secured projects are expected to completed over the next two years.
Meanwhile, Lincotrade shares that as at April 30, the ancillary worker dormitory at its new Tuas facility, saw 123 dormitory beds being occupied. Of which, 107 dormitory beds were utilised by its own foreign workers while 16 dormitory beds were rented out for its subcontractors.
Lincotrade expects the total occupancy to increase to around 187 dormitory beds by June, with dormitory beds for rental to its subcontractors projected to rise to 77.
“The newly secured projects underscore the continued strength of our interior fit-out business. In addition, our new Tuas facility is expected to support the next phase of growth by expanding production capacity and improving operational flexibility, while also providing opportunities to optimise underutilised spaces, including dormitory facilities, for additional value creation,” says Jackie Soh, executive director and CEO of Lincotrade.
Shares of Lincotrade closed 1 cent lower, or down 3.12% at 31 cents on May 29.
