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Monadelphous Group Announces 2021 AGM Presentation

23 Nov 2021  |  13:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2021 AGM Presentation

Monadelphous Group announced revenue of $979m, up by 59%. The Company secured $620m of new contracts since beginning of financial year, including $200m since 30 June 2021. The Company was awarded five-year $150m crane services contract with Fortescue Metals Group. The Company secured contracts under BHP's Olympic Dam Asset Projects Framework Agreement and WAIO Panel Agreement. The Company continued to grow rail portfolio across Australia. The Company is invested in plant and equipment to support growth of industrial services, civil and oil and gas fabric maintenance capability. The Company commenced 3-year Indigenous Employment Pathways Program in partnership with Rio Tinto.

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