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Diploma Group to reveal new construction contract signing

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Diploma Group (ASX: DGX) is preparing to divulge details following the signing of a new construction contract.

The ASX has granted the company a trading halt this morning, with its shares placed in pre-open.

Just last month DGX was awarded three contracts worth a total of $66 million in Western Australia.

These comprised a $17 million contract for the construction of a development of 34 residences and office space in Mount Pleasant for new client Norup+Wilson, a $38 million appointment to construct 109 apartments, and an $11 million Quest Serviced Apartment development.

Completion of all projects is expected in 52 to 88 weeks.

The halt will remain in place until the opening of trade on Wednesday 7th May 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Diploma Group Limited

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ASX:DGX
Market: ASX
Market Cap: -
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