Ntegrator: Awarded $25.6m contract by a local provider of fibre infrastructure for the supply of Next Gen NBN services. The contract is for three years until March 2018.
Management is expecting the contract to be earnings accretive over the next three fiscal years. The latest order win brings YTD contract wins to $50.8m, across eight contracts, including customers from Myanmar, Singapore and Vietnam.
Ntegrator was lossmaking for FY13-14, attributed to its unsuccessful foray into other businesses. Management had since recommitted resources into core business segments in the abovementioned countries.
In light of above, management is optimistic for improved performance in FY15.
Ntegrator is trading at 1.4x P/B.
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