Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Infrastrata wins GBP1.6 million contract for ferry repairs

Tue, 11th May 2021 16:41

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

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
17 Sep 2021 13:32

TRADING UPDATES: JPMorgan Mid Cap outperforms; Live Co loss narrows

TRADING UPDATES: JPMorgan Mid Cap outperforms; Live Co loss narrows

15 Sep 2021 19:28

InfraStrata to partner with Navantia, Windar for UK wind projects

InfraStrata to partner with Navantia, Windar for UK wind projects

14 Sep 2021 20:44

IN BRIEF: Infrastrata proposes name change to Harland & Wolff Group

IN BRIEF: Infrastrata proposes name change to Harland & Wolff Group

11 Aug 2021 14:44

EXECUTIVE CHANGES: Smiths News hires CFO; Block Energy chair survives

EXECUTIVE CHANGES: Smiths News hires CFO; Block Energy chair survives

30 Jun 2021 19:14

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.