Transfield picks up $200m in new work
June 22, 2010
Transfield Services Limited (TSE) updated the market this morning, saying it had picked up more than $200 million in new work across its international businesses. Some of the work has come from the Gulf of Mexico oil spill disaster, with US subsidiary TIMEC providing specialist services to work on oil-spill clean-up activities in the gulf.
Other work includes maintenance and supply services for the New Zealand and Victorian electricity sectors.
Managing director and CEO, Peter Goode, said the company’s capability of delivering asset management solutions from an owner's perspective continued to position them competitively across a variety of geographies and asset classes.
”We continue to be disciplined in strengthening our order book with long term contracts that maximise our ability to provide consistency of earnings, generating solid and reliable returns,” Mr Goode said.
At 1116 AEST, Transfield shares were down 10c to $3.26.
Other work includes maintenance and supply services for the New Zealand and Victorian electricity sectors.
Managing director and CEO, Peter Goode, said the company’s capability of delivering asset management solutions from an owner's perspective continued to position them competitively across a variety of geographies and asset classes.
”We continue to be disciplined in strengthening our order book with long term contracts that maximise our ability to provide consistency of earnings, generating solid and reliable returns,” Mr Goode said.
At 1116 AEST, Transfield shares were down 10c to $3.26.
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