Alpina Holdings announced, on Jan 8, that it secured seven new contracts with a total provisional contract sum of $40.8 million in the 2H2024 ended Dec 31, 2024.
The contracts are for various services including the provision of mechanical and electrical systems maintenance as well as additions and alteration works. They have varying completion dates spanning from November 2025 to November 2028.
The provisional sum is indicative and may not be actual revenue recognised by the company.
“With a business model specialising in integrated building services (IBS), mechanical and electrical (M&E) engineering services and alteration and addition (A&A) works, we have the flexibility to target different projects in both the public and private sectors,” says Alpina’s executive chairman and CEO Low Siong Yong.
“Our contract wins in the second half of 2024 represents additional growth for the Group and underscores the resiliency of our business model. Moving ahead, we will continue to innovate and expand our capabilities to deliver new value propositions to our customers and strengthen our order book,” he adds.
Shares in Alpina Holdings closed flat at 18.8 cents on Jan 8.
