Dyna-Mac Holdings Ltd. secured several firm contracts worth a total provisional sum of SGD 270 million from its repeat customers. The first contract win is for the construction of Topside Modules for a Floating Production Storage Offloading (FPSO) vessel. Work on the Topside Modules will commence in the third quarter of 2023 with completion scheduled for the second quarter of 2025.

The other contracts include the provision of services to execute fabrication, installation and integration work on-board vessels. These new order wins will add SGD 270 million to the Group's net order book of SGD 338.1 million as at end March 2023 bringing the net order book to SGD 608.1 million stretching into 2025. The above new orders are not expected to have a material impact on the Group's earnings per share and net tangible assets for the current financial year ending 31 December 2023.