Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh (AU:CVL) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Civmec Limited has been awarded a significant contract for the design and construction of a major shiploader, valued at around A$90-100 million, to be completed by 2028. This project will enhance local employment opportunities, creating over 100 specialized jobs, and reinforces Civmec’s position as a leading supplier of balance machines in Australia. Despite a robust order book exceeding A$800 million, the company anticipates a slowdown in project activity during Q3 and potentially Q4 FY25 due to delays in key project awards.
For further insights into AU:CVL stock, check out TipRanks’ Stock Analysis page.