InfraStrata PLC - London-based strategic infrastructure projects company - Wins contract worth GBP1.6 million from an unnamed ferry company for the repair of two ferries and Harland & Wolff's Belfast site.
The completion of repair works are expected to be completed my mid-June.
"We are now seeing the positive effects of the UK's successful vaccination programme emerging in that clients and vessel owners are discussing and committing to larger spend profiles on their vessels. Going into the third and fourth quarters of this calendar year, should the vaccination programme continue to be successful and the economy continues its recovery, we should be in a position to win further contracts of larger value given that we have time and again demonstrated our technical and commercial capabilities to the satisfaction of vessel owners,"said CEO John Wood.
Current stock price: 30.09 pence
Year-to-date change: down 37%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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