Darco Water Technologies Ltd. (SG:BLR) has released an update.
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Darco Water Technologies Limited has informed shareholders of a significant S$5.78 million contract awarded to its subsidiary, PV Vacuum Engineering Pte. Ltd., to design, build, and operate a Pneumatic Waste Conveyance System for Singapore’s Housing Development Board. This eco-friendly project promises to enhance waste management efficiency and contribute to the Group’s recurring income with a 10-year operation and maintenance phase following completion. The contract is expected to positively influence the Group’s financial results without materially impacting the current year’s earnings per share or net asset value.
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