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Shares in Acromec close 18.3% up after securing contracts worth $17.0 mil

Felicia Tan
Felicia Tan • 2 min read
Shares in Acromec close 18.3% up after securing contracts worth $17.0 mil
The contracts are expected to contribute positively to the EPS and NTA per share for FY2021.
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Specialist engineering service provider Acromec has clinched three engineering, procurement and construction (EPC) contracts totalling some $17.02 million on April 8.

The first project has a contract value of $11 million and it involves ducting and piping works for the air conditioning and mechanical ventilation system at Singapore Institute of Technology’s new campus at Punggol North.

The project is scheduled to commence in the 3QFY2021 ending Sept 30. It is expected to be completed in the 2QFY2023 ending Sept 30.

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