Oil and gas focused engineer Kentz says orders are growing and it expects its full year figures to come in ahead of expectations.
In a management statement released to coincide with the annual general meeting (AGM) on Friday morning, the company says its backlog of orders had grown to $2.46bn by the end of April, with a significant number of contracts worth over $100m.
Recent wins include a contract for work on the Queensland Curtis liquefied natural gas project and the $128m mechanical, electrical and instrumentation contract for Syncrude's Aurora North mine relocation project, in Alberta, Canada.
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The order pipeline now stands at $10.8bn, with the group confident this will grow.
The backlog is approximately 66% reimbursable, 12% unit rate reimbursable and 22% lump-sum.
BS
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