Noel Gifts wins PA contract

SINGAPORE (March 31): Noel Gifts International has won a contract by the People’s Association for the design, production, packaging and distribution of gift sets for parents with babies.

“Subject to market demands, the revenue that could potentially be derived from the contract ranges from $2.07 million to $3.30 million,” says Noel in its filing.

Slated for full implementation from July 2017 onwards, the contract is expected to contribute positively to the group’s financial performance for the financial year ending June 30, 2018.

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