tiprankstipranks
Trending News
More News >

Civmec Secures A$285 Million in New Contracts and Extensions

Story Highlights
Civmec Secures A$285 Million in New Contracts and Extensions

Confident Investing Starts Here:

Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh ( (AU:CVL) ) has shared an update.

Civmec Limited has secured new contracts and extensions worth approximately A$285 million, reflecting its commitment to replenishing its order book and driving revenue growth. These contracts, including a new shiploader project and refurbishment works for Port Waratah Coal Services, will bolster Civmec’s materials handling and maintenance divisions, creating over 100 specialized jobs and enhancing local employment opportunities. The projects underscore Civmec’s unique position in the industry, reinforcing its capabilities in delivering complex, client-focused solutions.

More about Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh

Civmec Limited is an Australian company operating in the materials handling and maintenance industry. It is recognized as the only Australian Original Equipment Manufacturer (OEM) providing integrated design to installation and sustainment capabilities in-house, focusing on delivering comprehensive solutions with high standards of quality and efficiency.

YTD Price Performance: -31.78%

Average Trading Volume: 215,924

Technical Sentiment Signal: Hold

Current Market Cap: A$432.2M

See more insights into CVL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1