AusGroup

AusGroup: Announced that is has secured an A$34.5m scaffolding contract with CB&I and Kentz Joint Venture (CKJV) on the Gorgon Project. The contract is for ongoing scaffolding services, and includes the erection of multi-purpose scaffolding which will be used to provide access for insulation, painting, installation, and other works undertaken on Barrow Island. Strong performance and delivery may position the company to secure further work over the life of the construction project, said AusGroup. While recent contract wins have been fairly strong, with total contract wins announced by AusGroup since May to AU$58.6m, current orderbook at ~A$270m underpin earningts visibility only for the next 2 qtrs