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Valmec Limited secures $10.5M in service contracts

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Valmec Limited (ASX:VMX) has secured $10.5 million worth of service contracts in Western Australia through its gas and multi-discipline divisions.

These extend across a number of industries including land infrastructure, engineering services and civil works.

The contracts support the company’s recurring revenues base and reflect the diversity of its current revenue streams.

It also adds to the existing contracts that it has secured including over $33 million of works with APA Group (ASX:APA).

These ensure that it is well positioned to deliver further growth during the 2014/15 financial year.

The company has also identified several sectors as providing strong growth potential, including gas exploration and production, infrastructure development and government utilities.

Valmec had in May noted that it had already secured over $33 million of works with APA Group.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Valmec

Price: 0.175 AUD

ASX:VMX
Market: ASX
Market Cap: $22 m
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