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Southern Cross Electrical Engineering has been awarded a $20 million contract for work on the central section of the Northlink WA roads project, while Perth-based Tempo Australia has secured a series of contracts totalling more than $6 million.
Southern Cross Electrical Engineering has been awarded a number of new commercial and public infrastructure contracts across Australia totalling more than $90 million, including $66 million of work at a new section of the Westmead Hospital in New South Wales.
Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.
Southern Cross Electrical Engineering has announced a number of contract wins worth a combined $100 million, with the majority of the work to be carried out by recently-acquired, Sydney-based subsidiary Heyday.
Perth-based contractor Southern Cross Electrical Engineering has won $25 million in contracts for work on Rio Tinto’s Amrun bauxite project in Queensland, bringing its total number of awards for the month to about $150 million.
Southern Cross Electrical Engineering’s recently acquired Sydney-based subsidiary, Heyday5, has been awarded over $50 million of new contracts to carry out electrical services work on a number of major development projects.
Southern Cross Electrical Engineering has secured a new subcontract with property group Lendlease worth approximately $30 million.
Southern Cross Electrical Engineering, through its KSJV joint venture with energy service provider Kentech, has received over $30 million of additional orders under a subcontract with Bechtel.
Southern Cross Electrical Engineering expects to bounce back from a net loss in the first half of the 2017 financial year after announcing the “transformational” acquisition of a Sydney-based electrical contractor.
Southern Cross Electrical Engineering (ASX:SXE) has been granted a trading halt by the ASX, pending details of an acquisition.
Southern Cross Electrical Engineering shares lost a fifth of their value this morning after the company warned of a $2 million loss for the six months to December.
Anglo American plc ("Anglo American") announces the appointment of Stephen Pearce as Finance Director, following René Médori's decision to retire, as announced in April 2016. Mr Pearce will join Anglo American and its Group Management Committee on 30 January 2017, prior to joining the Board as an executive director and taking over as Finance Director with effect from 24 April 2017, thereby enabling a smooth transition and the completion of the 2016 financial reporting process.
Southern Cross Electrical Engineering has made a net profit for the 2016 financial year, turning itself around from last year's loss.
Shares in Southern Cross Electrical Engineering surged on news the company has entered into an agreement to buy a local telecommunications contractor in a deal worth up to $17.2 million.