CFA Society Singapore
SINGAPORE (Mar 21): Dyna-Mac Holdings announced that it has secured several fabrication contracts worth about $150 million from its long-standing customers.
The fabrication contracts are scheduled to complete over a span of two years and the group expects to derive revenue streams from these orders from 3Q19 to FY20.
Barring deferral or rescheduling by customers or other unforeseen circumstances, the group expects these orders to have a positive impact on its earnings and net tangible assets for FY19.
Shares in Dyna-Mac closed at 11 cents on Thursday.