|AusGroup said it has secured over AUD$100M of contracts within the Oil & LNG sector.
The contracts were awarded to subsidiary AGC Industries Pty Ltd.
AGC will provide multi-disciplinary maintenance, turnarounds and specialist fabrication to multiple production facilities across Western Australia and Victoria.
Additionally, AGC will continue to implement technology and other innovative solutions that have been applied during recent and successfully completed turnarounds.
CEO and MD, Shane Kimpton. said, “It is very pleasing that these contract awards support our strategic intent of growing our Oil & LNG presence within Australia. Importantly, these awards are a further endorsement of AusGroup’s solid reputation in the Oil & LNG sector as a skilled maintenance and turnaround services provider. We look forward to delivering these contracts safely and successfully.”
AusGroup's core business segment (energy & process) reported A$3.1 million net profit in its 2QFY20 (Oct-Dec 2019) quarter.
In the preceding 1QFY20 quarter, it was A$2.8 million.