Seymour Whyte wins $41M contract

Company News


Seymour Whyte Limited (ASX:SWL) says it has been awarded a $41.3 million contract to upgrade the Pacific Highway at Tuggerah on the NSW Central Coast. 
 
The project includes the construction of a new four span bridge over a main railway line and begins later this year with conclusion around mid-2018.
 
Another contract at the Sydney Airport international terminal brings the current order book to $389 million. 
 
Forecast earnings for the first six months of the year is expected in the range of $1 million with stronger revenue expected in the second half. 
 
Seymour Whyte reported a net profit of $9.91 million for the 2015 financial year.