Ausgroup

Ausgroup: Recall the recent A$13mn contract for fabrication work based in Perth, Australia, that the Group announced on Monday. The Group went on to announce another A$17mn that has been secured through several new projects for the sale and hire of scaffolding and associated management and labour services. The new contract wins include module fabrication yards in Thailand, Indonesia, South Korea and the Philippines for projects destined for Australia. Laurie Barlow, AusGroup CEO and Managing Director, said: "These new contract wins demonstrate AusGroup’s ability to deliver large-scale scaffolding services to major oil and gas projects. The company is a beneficiary to the oil & gas services sector. Latest order book currently stands at A$284mn. The counter trades at 5.5x FY13e P/E and 0.9x FY13e P/B.