(Sharecast News) - Property services group Kinovo revealed on Monday that it has been awarded a contract worth £4.0m over two years by the London Borough of Waltham Forest.
Kinovo said the contract, which comprises of electrical, commercial mechanical works, and associated builders works, contains possible extensions of two further one-year terms.
The AIM-listed company stated that following its strategic repositioning and rebranding in 2021, cross-selling its services across contracts had been "integral" to its recent improvement in financial performance.
Chief executive David Bullen said: "We are delighted to have secured this contract and the opportunity to work with our existing customer, the London Borough of Waltham Forest again.
"As well as its considerable inherent value, at £4.0m over two years, the ability to utilise all our key focus areas under this contract reinforces our strategy of cross-selling services across the group."
As of 1045 GMT, Kinovo shares were down 1.0% at 32.67p.
Reporting by Iain Gilbert at Sharecast.com