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1QFY20 briefing: |
Management Present: |
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Date |
Friday, |
CEO |
Shane Kimpton |
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Time |
10.30 – 11.30 am |
Executive Director |
Eng Chiaw Koon |
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Place |
Financial PR 4 Robinson Road #04-01 S(048543), next to Raffles Place MRT station |
CFO |
Christian Johnstone |
AusGroup has a number of high-profile investors, following a significant change in the ownership of AusGroup in Dec 2018.
AOC Acquisitions (which is majority owned by Asdew Acquisitions led by Alan Wang, together with Ching Chiat Kwong and Low See Ching of Oxley Holdings and Han Seng Juan and Loh Kim Kang David of Centurion Corp) replaced Ezion Holdings as AusGroup’s controlling shareholder with a 26.8% stake.
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Recent news on AusGroup
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- Reported a net profit of AU$0.2m and revenue of AU$69.6m for Q1 FY2020
- 1QFY2020 – "The first quarter of the year has been a positive one as we have embarked on a number of new projects that has diversified our offering across resources and maintenance sectors. Whilst these start up projects have produced solid results in the first quarter and have established good working relationships with a number of key name plate clients, our results for the remainder of the year will be built on the growth of these relationships leading to improved quality of earnings. The work in hand levels have been boosted by these new projects and with new prospects in hand, will increase to levels required to sustain the business for the foreseeable future."-Mr Shane Kimpton, Chief Executive Officer.
- Awarded a three-year Rope Access Services Contract with Rio Tinto, the fourth long term maintenance, shutdown and fabrication support contract in the past 5 months – December 2019
- Reported a net profit of AU$0.2m and revenue of AU$69.6m for Q1 FY2020
