The rest of the contracts include the provision of services for the execution, fabrication, installation and integration work on vessels, and scope increase for current projects.
According to Dyna-Mac, its recent capacity expansion and upgrading allows for the further optimization of construction methodology and production workflow. This will increase Dyna-Mac’s productivity in that it’ll use lesser manpower and time needed for the same amount of work.
The new orders are not expected to have a material impact on Dyna-Mac’s earnings per share (EPS) and net tangible assets (NTA) for the FY2024 ending Dec 31.
Shares in Dyna-Mac closed 1.5 cents higher or 4% up at 39 cents on April 2.
