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An artist's impression of the ferry Austal will build for Fjord Line. Image: Fjord Line

Austal close to $100m ferry deal

Austal has announced it is negotiating to build a ferry worth more than $100 million for Norwegian shipping company Fjord Line, after the Norwegian group said it had already commissioned the local shipbuilder.

In a statement released in Norway on Friday, Fjord Line said Henderson-based Austal had been commissioned to build the ferry.

It added the vessel would be ready to enter into service from the 2020 season.

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Austal (ASB)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
117thMonadelphous Group89%3%
324thAustal17%9%
394thSeven West Media5%-4%
458thNavitas-5%7%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/01/16
$4.6m Bought
04/09/15
$333k Sold
04/09/15
$7.2m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

4th-Seven West Media$1,679.0m
6th↓Austal$1,325.3m
8th↓Monadelphous Group$1,252.1m
9th-Navitas$967.8m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Austal

43rdDavid Singleton$563k
234thGreg Jason$530k
583rdJohn Rothwell$250k
Ranked by total remuneration from all listed WA companies

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