Dyna-Mac Holdings has secured several contracts, bringing its order book to a new high of $896 million. These projects will be delivered till 2026.
The main contract involves the construction of process modules. It marks the largest-ever contract win in Dyna-Mac’s history, involving a record tonnage and number of process modules in a single contract.
The rest of the contracts include the provision of services for the execution, fabrication, installation and integration work on vessels, and scope increase for current projects.
According to Dyna-Mac, its recent capacity expansion and upgrading allows for the further optimization of construction methodology and production workflow. This will increase Dyna-Mac’s productivity in that it’ll use lesser manpower and time needed for the same amount of work.
The new orders are not expected to have a material impact on Dyna-Mac’s earnings per share (EPS) and net tangible assets (NTA) for the FY2024 ending Dec 31.
Shares in Dyna-Mac closed 1.5 cents higher or 4% up at 39 cents on April 2.
