Message our leader on linkdin23 Mar 2022 08:17
Message from our leader regarding the comment made earlier in the week
Hi Pete.
Can you tell me if we are still on for this which was posted by yourself at the time
”When we initially announced this contract in February we announced a potential revenue value in excess of $150 million USD over the term of the contract, however following a review of operations and potential growth in passenger numbers we revised our estimates and updated the market in April suggesting that we may achieve the forecast figure of $150m by the year 8 break point rather than the full contract term of 15 years.”
His reply
Good evening John - I assume you are referring to the West African airport project which as you know has been impacted by both Ebola and Covid neither of which were envisaged in 2012 - that said the contract has quite a few years to run, is recovering strongly and has produced many millions in revenues already so has been an excellent contract by any measure!