Whilst we really need a big new customer contract win, a positive with an extension such as this is no up front implementation cost. There is also this little bit of note:
So, $2.7m / 2 = $1.35m p.a. existing contract.
($23.3m - $2.7m) / 8 = $2.58m p.a. on extension
Ann: ALC signs $23.3M South Tees contract extension until 2033, page-6
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