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NewsFavelle Favco wins contracts totalling RM62 million
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Favelle Favco wins contracts totalling RM62 million
by Cals Thu 04 Jul 2013, 02:08
Favelle Favco wins contracts totalling RM62 million
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 03 July 2013 17:49
KUALA LUMPUR (July 3): FAVELLE FAVCO BHD []’s (FFB) subsidiaries have secured orders for supply of offshore cranes, with the contracts having a total value of RM61.5 million.
In a filing with Bursa Malaysia, the company said its subsidiary Favelle Favco Cranes Pte Ltd has received a contract from DP Offshore Engineering Pte Ltd for the supply of offshore crane. The contract is expected to be delivered from end-2014 to early 2015.
Another FFB subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received orders from Essar Projects (India) Ltd and Cosco (Guangdong) Shipyard Co Ltd. The contracts are expected to be delivered by the first and third quarter of 2014, respectively.
FFB said it expects the contracts to contribute positively to its earnings and net assets for the financial year ending December 31, 2013 and beyond.
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Wednesday, 03 July 2013 17:49
KUALA LUMPUR (July 3): FAVELLE FAVCO BHD []’s (FFB) subsidiaries have secured orders for supply of offshore cranes, with the contracts having a total value of RM61.5 million.
In a filing with Bursa Malaysia, the company said its subsidiary Favelle Favco Cranes Pte Ltd has received a contract from DP Offshore Engineering Pte Ltd for the supply of offshore crane. The contract is expected to be delivered from end-2014 to early 2015.
Another FFB subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received orders from Essar Projects (India) Ltd and Cosco (Guangdong) Shipyard Co Ltd. The contracts are expected to be delivered by the first and third quarter of 2014, respectively.
FFB said it expects the contracts to contribute positively to its earnings and net assets for the financial year ending December 31, 2013 and beyond.
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