Johns Lyng Group
(ASX:JLG) has been awarded a contract with QBE Australia, for the provision of repair and restoration works on commercial and domestic properties in New South Wales, Queensland, Victoria and the Northern Territory.
The agreement is for a three-year period with an option to extend for a further two.
The new contract is the fourth the company have signed with a major national insurer in the past six months, continuing a period of strong organic growth for the Group.
Johns Lyng Group says the partnership with QBE was another milestone for the company and helped cement its position as Australia’s only truly national insurance building services provider.
John Lyng’s core business units have performed strongly in the first half of FY19 with a 15.6 per cent increase in business as usual earnings over the period.
Shares in Johns Lyng Group
(ASX:JLG) are trading 3.6 per cent higher at $1.44.
