ASG Group (ASX:ASZ) has been granted an ASX trading halt in respect to a material contract win.
The halt will last until the earlier of the announcement being made or the start of trade on Thursday, 20th August 2015.
In FY2015, the company reported revenue of $164.3 million, up 2.6% over the previous year, and a 6.3% increase in net profit after tax to $9.5 million.
It already has $160 million in revenue locked in for FY2016 including a recent $40 million contract from Western Power.
ASG has revenue guidance of between $180 million and $190 million.
The company has $13.8 million in cash as at 30th June 2015.
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