ASG Group secures contract with VHA

Company News

IT Services provider ASG Group (ASX:ASG) has secured a significant new contract with Vodafone Hutchison Australia.

The contract is to provide services for an initial term of five years with two one-year extension options.

ASG says in addition to this contract there is scope for ASG to provide additional project services which would increase the value of work with Vodafone.

Chief Officer of Sales and Strategic Operations, Murray Rosa says ASG has now secured more than $140 million in new public and private sector contracts across Australia in 2010.

Looking ahead the company says the outlook for earnings growth remains positive and is underpinned by a project pipeline of qualified contract opportunities of $784 million in fiscal 2011.

ASG says it is confident of continuing this trend of organic and acquisitive earnings growth into fiscal 2011 and beyond.

ASG Group has posted net profits in the last three fiscal years.

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