SSH Group, SSH - Managing Director, Daniel Cowley Cooper
Managing Director, Daniel Cowley Cooper
Source : SSH Group
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 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 Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…