SSH Group, SSH - Managing Director, Daniel Cowley Cooper
Managing Director, Daniel Cowley Cooper
Source : SSH Group
Market Herald logo


Be the first with the news that moves the market
  • SSH Group (SSH) announces a contract extension of four months for the $1.86 billion Forrestfield Airport Link
  • The contract is now worth $10.3 million, with the additional four-month extension worth an increase of $2.7 million
  • The company claims its FY22 order book growth is strongly outperforming its previous year by 33.7 per cent.
  • Shares in SSH rounded off the day up 4.17 per cent to 25 cents

SSH Group (SSH) has announced a contract extension of four months for Webuild Group’s $1.86 billion Forrestfield Airport Link.

The company supplies site access control and security to the project in a joint venture with NRW holdings (NRW).

The contract extension reportedly carries a value of $2.7 million, with the total contract now valued at $10.3 million.

As part of the contract, SSH says it has also executed a supply agreement for the provision of labour-hire to the joint venture with its people division. This division will initially supply labourers, scaffolders and riggers to the project.

Additional resources will also reportedly be provided to meet the project requirements between now and completion.

The company says its FY22 order book organic growth stands at 83.7 per cent of its total revenue from the previous, with six months left in the current financial year.

Managing Director, Daniel Cowley Cooper, says the company has a strong balance sheet.

“We are not only excited with the rate of organic growth, but also the acquisition opportunities we are currently reviewing in order to acquire earnings accretive companies,” he said.

Shares in SSH rounded off the day up 4.17 per cent to 25 cents.

SSH by the numbers
More From The Market Herald
Limeade (ASX:LME) - CEO, Henry Albrecht

" Limeade (ASX:LME) maintains FY21 financial guidance in quarterly report

Limeade (ASX:LME) has maintained its FY21 revenue guidance of $50 million to $53 million, but posted…
Sihayo Gold (ASX:SIH) - Executive Chairman, Colin Moorhead

" Sihayo Gold (ASX:SIH) secures further interim funding

Sihayo Gold (ASX:SIH) has secured interim funding from its shareholder, PT Saratoga Investama Sedaya Tbk.

" Alchemy Resources (ASX:ALY) commences aircore drilling at Karonie

Aircore drilling is underway at Alchemy Resources' (ASX:ALY) Karonie gold project 110 kilometres east of Kalgoorlie,…
Little Green Pharma (ASX:LGP) - Managing Director, Fleta Solomon

" Little Green Pharma (ASX:LGP) seeks to expand to Greece

Little Green Pharma (ASX:LGP) seeks to expand to Greece