Reclaims Global secures $9.55 mil contract to supply labour and machineries for earthworks
Reclaims Global (SGX:NEX) announced that it has been awarded contracts with total aggregate value of arund $9.55 million by various main contractors in the construction industry. These contracts are mainly to supply labour and machineries for earthworks.
Barring any unforeseen circumstances, Reclaims Global expects the contracts to have a positive contribution to its net tangible assets and earnings per share throughout the duration of the projects.
"With a strengthened order book and revenue visibility through FY2028, we remain focused on disciplined project execution, operational excellence, and pursuing quality opportunities that support sustainable long-term growth for the Group,” says Tan Kok Huat, executive director and CEO of Reclaims Global.
As at 9.06am, Shares of Reclaims Global was unchanged at 20 cents.