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Dyna-Mac Holdings secures $8 mil in additional contracts

Atiqah Mokhtar
Atiqah Mokhtar6/22/2021 5:32 PM GMT+08  • 1 min read
Dyna-Mac Holdings secures $8 mil in additional contracts
The contracts are not expected to have a material impact on Dyna-Mac's financials for FY21.
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Dyna-Mac Holdings has secured additional work scope from existing customers for a total provisional contract sum of $8 million.

The group was awarded additional work scope for an ongoing project in its fabrication yard in relation to a turret module for a Floating Production Storage and Offloading (FPSO) vessel. The additional scope also includes pipe spool fabrication work.

The orders are not expected to have a material impact on the group’s earnings per share and net tangible assets for the FY2021 ending December.

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