Soverus, a wholly-owned subsidiary of Secura, had, on Jan 7, been awarded a 36-month contract to provide unarmed security services by a Singapore multinational conglomerate (MNC) worth $13.5 million.
The contract is effective from Feb 1 to Jan 31, 2024, with an option for a further one year extension.
To date, the group has an order book of some $53.7 million for contracts from security guarding, of which $25.1 million is expected to be fulfilled by Dec 31. The remainder is expected to be completed by January 2024.
The contract is expected to contribute positively to the group’s earnings per share (EPS) and net asset value (NAV) per share of the group for the financial year ending Dec 31.
As at 9.37am, shares in Secura are trading 0.5 cent higher or 7.1% up at 7.5 cents.
