Thursday, July 14, 2016

CMC Infocomm wins $3.8 mil in orders

Telecommunications engineering company CMC Infocomm has secured $3.8 million worth of cellular network engineering and maintenance projects with mobile operators in Singapore, Thailand and the Philippines.

The Catalist-listed company targets to complete the projects over the next two years.

(See: Telecoms engineering firm CMC Infocomm plans Catalist listing)

In a Thursday statement, CMC Infocomm says the new contracts are not expected to have a material impact to its consolidated net tangible assets per share and earnings per share for the current financial year ending May 31, 2017.

Kevin Phua, executive director and CEO of CMC Infocomm, says the securing of the new contracts “reflects sustainable demand for (the company’s) services and solutions”.

CMC Infocomm last traded at 4 cents on Tuesday.

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