SEYMOUR WHYTE WINS MOTORWAY CONTRACT

Written on the 9 July 2015

SEYMOUR WHYTE WINS MOTORWAY CONTRACT SEYMOUR Whyte (ASX: SWL) has been awarded a $33 million Pacific Motorway contract.

The Queensland Department of Transport and Main Roads will upgrade the Pacific Motorway, Exit 54 Interchange at Coomera.

The contract increases the company's forward order book to $335 million.

SWL chairman Mac Drysdale says the timing was perfect considering the pipeline for other company projects across the State.

"Project commencement timing aligns perfectly with the availability of resources finishing from other road projects across the State, such as the Smith Street Olsen Avenue Interchange Upgrade, which was delivered four months ahead of schedule," says Drysdale.

The company reports 10 transport infrastructure tenders currently active in Victoria, New South Wales and Queensland, and 16 utilities tenders active nationally.

Drysdale "reaffirms" the "health and strength of the business is good, with a very strong cash position".

This comes after a slowing in revenue and profit in the half year to December, following a slumping local infrastructure industry, the result being SWL deciding to broaden its scope nationally.



Latest News

NEW CLASS OF EDUCATION NURTURES ENTREPRENEURS OF TOMORROW

THE rise in youth unemployment has affirmed the importance of entrepreneurship education, and south-east Queenslan...

DUET GROUP SUBJECT OF $7.3 BILLION TAKEOVER OFFER

HONG Kong's Cheung Kong Infrastructure has launched a $7.3 billion cash bid for one of Australia's largest en...

G8 SHARES BUOYED BY FORECAST PROFIT RECOVERY

CHILDCARE centre operator G8 Education (ASX:GEM) has revealed it is on track to post a pre-tax profit of up to $16...

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter