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Sanli secures new contracts worth $78.9 million

Khairani Afifi Noordin
Khairani Afifi Noordin9/5/2022 06:29 PM GMT+08  • 1 min read
Sanli secures new contracts worth $78.9 million
The company’s current order book stands at $371.4 million. Photo: Sanli
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Catalist-listed Sanli Environmental has secured new contracts worth an aggregate of $78.9 million since its FY2022 results announcement on May 26.

The contracts — which comprise projects in both engineering, procurement and construction as well as operations and maintenance segments — are expected to be completed by early 2027.

The company’s current order book stands at $371.4 million.

Barring any unforeseen circumstances, the contracts are expected to have a positive impact on the net tangible assets and earnings per share of the company for the financial year ending March 31, 2023.

Shares in Sanli closed 0.8 cents lower or 7.4% down on Sept 5 at 10 cents.

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