UGL secures diverse range of projects

Company News

UGL Limited (ASX:UGL) has been awarded approximately $170 million in new projects across its Engineering, Operations and Maintenance businesses.

The projects involve various new locomotive orders as well as new contracts with TransGrid and a two year contract extension for Sydney Water’s Priority Sewerage Program (PSP).

There is also $50 million worth of various asset maintenance contracts across the oil and gas, minerals, transport and social infrastructure sectors nationally.

CEO Richard Leupen says securing the diverse range of new projects reflects the stability of UGL’s operating model.

UGL secured a net profit of $135.4 million in the 2012 financial year.

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