WDS secures $50M in work

Company News

WDS Limited (ASX:WDS) has secured contract work worth more than $50 million, for delivery in the current financial year.
 
Two of the contracts are with Santos Limited (ASX:STO) and Vale – both longstanding clients of WDS.
 
WDS’ contract with Santos on the GLNG project has been rolled over, with the company to provide construction and pre-development services.
 
The company has also been awarded a contract for works associated with the Carborough Downs Coal Mine in the Bowen Basin.
 
WDS Managing Director Terry Chapman says the contracts continue the company’s client relationships and performance across the coal seam gas and coal sectors. 
 
WDS generated a net profit of $8.2 million in fiscal 2013.

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