Alpina Holdings ZXY , through its wholly-owned subsidiary Digo Corp, has been awarded a 48-months contract to provide its services to a ministry of the Singapore government for a provisional sum of around $39.6 million.
The term contract is for the provision of mechanical and electrical systems maintenance, on top of additions and alteration works. It is expected to commence in June 2023 and complete by June 2027. The customer will have the option to extend the contract for another 12 months.
The company expects this to contribute positively to its financial results and net tangible assets per share as well as EPS for the duration of the term contract.
Alpina was recently awarded with a provisional contract sum of approximately $117 million for the design, installation, construction, testing and commissioning of solar photovoltaic systems in Singapore.
The company currently holds 15 workhead registrations and two builder licences with the Building and Construction Authority.
Shares in Alpina closed flat on May 22 at 16.5 cents.
