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The Ichthys LNG project in Darwin.

Monadelphous wins $125m in new work

Monadelphous Group has won a contract to complete cryogenic tanks at the Ichthys LNG project in Darwin – the same job that Laing O’Rourke walked away from in March.

The Burswood-based company said today it had been awarded a subcontract by Japan's Kawasaki Heavy Industries for structural, mechanical, piping, electrical and instrumentation work on the cryogenic tanks at Ichthys’s onshore LNG facilities.

The work was previously being carried out by engineering contractor Laing O’Rourke and was in its final stages until Laing walked off the job in March, claiming it hadn’t been paid in months for the work by Kawasaki.

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Monadelphous (MND)

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 30/11/17

1 year TSR5 year TSR
126thAusdrill102%6%
152ndMonadelphous83%5%
188thRCR Tomlinson62%22%
420thNavitas6%8%
514thAustal-8%29%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

12/12/17
$35k Bought
15/09/17
$30k Bought
05/12/14
$27k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

5th-Austal$1,325.3m
6th↑RCR Tomlinson$1,294.6m
7th↓Monadelphous$1,252.1m
8th↑Navitas$967.8m
9th↑Ausdrill$783.5m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Monadelphous

73rdRob Velletri$979k
124thDino Foti$725k
288thPhilip Trueman$443k
Ranked by total remuneration from all listed WA companies

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