News: Calibre wins $140m contract

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Calibre Group Limited (ASX:CGH) has won a major contract for the onshore upgrade of Hay Point Coal terminal for the BHP Billiton Mitsubishi Alliance in central Queensland.

 

The $140 million contract is in line with Calibre’s recently revised full-year guidance, but it increases the maintenance and engineering company’s forward order book to $1.44 billion.

 

Calibre expects about 60 per cent of the project revenue to contribute to its full year revenue for 2014 and the remainder of the subsequent period.

 

Calibre Group Limited (ASX:CGH) recently expanded its operations in Queensland, buying G&S Engineering Services for $39 million.

 

Calibre Group generated a net profit of $18.74 million for the first half of fiscal 2013.