Valmec secures $10.5m contracts

Valmec Australia, formerly known as Core Services Group, has secured contracts worth $10.5 million through its gas and multi-discipline divisions across a number of Western Australia-based industries including land infrastructure, engineering services and civil works.

Valmec managing director Steve Dropulich said the contracts supported the company’s recurring revenues base and reflected the diversity of its current revenue streams. 

“The diversity of revenues that these contracts bring to the organisation fit perfectly with our mission of delivering value to our clients across every aspect of our operations,” he said.

“With an expanding tender pipeline and with the successful execution of its current order book, Valmec remains very well positioned to deliver further growth during (the 2015 fiscal year).”

In its May trading and earnings update, the company announced it had secured $33 million of works with APA group, and had successfully commenced work on at least one APA project in south-east Queensland. 

Valmec was up 14.3 per cent to 20 cents per share at the time of writing.