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AusGroup Announces Contract Awards And Updates
Daily Bulletin | 17 December 2015
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AusGroup has announced that recent contract awards and extension for its clients within the energy and industrial sectors amount to a combined value of the contracts of approximately AUD100 million since its most recent market update as at 30 September 2015.

The group has received several contracts and extensions such as a contract extension with CB&I Kentz Joint Venture to provide scaffold services for a further 6 months, as well as a number of general campaign maintenance contracts with Woodside Energy which will conclude by 31 March 2016. Lastly, the group has also been awarded a three year refractory contract with OneSteel for site-wide management, planning and execution, preventative and reactive maintenance services.

AusGroup  -- -- --   
Business: Co mainly provides subcontract services to the oilfield equipment manufacturing co in South East Asia. [FY16 Turnover] Projects (62.2%), maintenance Services (28.5%), fabrication & manufacturing (5.5%), port & marine Services (3.8%).

Insight: Nov-17, 1Q18 revenue increased by 53.6% due to the... Read More


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