ISG announces contract wins
June 10 2009 - 2:00AM
RNS Non-Regulatory
TIDMISG
Interior Services Group PLC
10 June 2009
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Interior Services Group plc
("ISG" or "the Company")
Asia and Middle East contract wins strengthen order book for next financial year
During the three months to 31 May 2009, ISG Asia has secured circa GBP40 million
worth of new work. The vast majority of these project wins were across the
retail, hospitality, leisure and education sectors, demonstrating the Group's
policy of diversifying away from the commercial office sector.
The recent contract wins include two significant fit out projects on the
prestigious Marina Bay Sands (MBS) project in Singapore for a total of GBP20
million.
In addition, in the UAE the group's new joint venture, Al Habtoor ISG, has
secured its first significant opportunity in Abu Dhabi with the GBP8 million
refurbishment of the Sheikh Zayad National Football Stadium, and has a pipeline
of several other opportunities in Abu Dhabi.
In response to the recent activity, ISG Asia's order book has grown from GBP22
million in December 2008 to GBP52 million as at 31 May 2009.
David Lawther, Chief Executive said:
"I am delighted to announce these contract wins for our Asia operations. The
spread of sectors over which the work has been won demonstrates the success of
the Group's policy of diversifying our operations away from the commercial
office sector. The increase in ISG Asia's secured order book gives it a good
platform to build on for the year ahead."
10 June 2009
Enquiries:
+-----------+----------------+
| Interior | 020 7247 1717 |
| Services | |
| Group | |
+-----------+----------------+
| David | |
| Lawther, | |
| Chief | |
| Executive | |
+-----------+----------------+
| Jonathan | |
| Houlton, | |
| Finance | |
| Director | |
+-----------+----------------+
| | |
+-----------+----------------+
| College | 020 7457 2020 |
| Hill | |
+-----------+----------------+
| Matthew | |
| Smallwood | |
+-----------+----------------+
| Adam | |
| Aljewicz | |
+-----------+----------------+
| | |
+-----------+----------------+
| Numis | 020 7260 1000 |
+-----------+----------------+
| Michael | |
| Meade | |
+-----------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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