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Company in the news
Court orders AusGroup to wind up; company to be discharged from judicial management
AusGroup had filed an application to wind up the company in May as it was unable to service its debt.
July 19, 2023
Debt and defaults
AusGroup, unable to service debt, files to wind up
On Dec 5, the company confirmed that it was unable to meet interest payment for a $110 million debt
May 21, 2023
Construction
Ausgroup plans to divest property for A$16.2 million
Ausgroup plans to divest property at $16.2 million or 25.5% of its market cap
June 17, 2022
Contracts
AusGroup secures contract to supply 58 tanks for lithium refinery in Perth
AusGroup will supply, fabricate and deliver 58 stainless steel and carbon steel tanks.
December 07, 2021
SGX Research Series: 10 in 10
AusGroup seeks out new growth from green energy projects
AusGroup provides planning, maintenance and construction services across a number of sectors including energy.
December 03, 2021
Contracts
AusGroup secures new contracts worth $31.7 mil across Australia's resources and mineral sectors
The new contracts have strengthened the group's order book as well as "greater revenue visibility and confidence into 2022".
October 08, 2021
Oil & Gas
AusGroup eyes turnaround under CEO Kimpton; banks on maintenance for recurring revenue
Under CEO Shane Kimpton, AusGroup has steadied itself and looks poised for a turnaround. Find out more.
August 19, 2021
Broker's Calls
Broker's Digest: SIA, Sheng Siong, Sunpower, AusGroup, Jiutian Chemical Group
See the analysts' recommendations and target prices here.
April 16, 2021
Broker's Calls
KGI sees AusGroup 'turning around', though group isn't 'fully out of the woods yet'
Amid other factors, KGI analyst Joel Ng expects the group’s prospects to see better days due to growth in the Australian economy.
April 13, 2021
Contracts
AusGroup awarded long-term master contract; increases order book to over A$1 bil
The contract, at 10 years, is the longest maintenance master contract currently in the Australian oil and gas market.
March 22, 2021