Tekmar's Pipeshield signs £4m quay contract
Tekmar Group
9.25p
16:49 26/04/24
0.00%
0.00p
Tekmar shares jumped after its Pipeshield business signed a contract worth more than £4m for a major quay development project.
FTSE AIM All-Share
755.28
17:14 26/04/24
n/a
n/a
Oil Equipment, Services & Distribution
4,928.34
16:30 11/04/24
0.00%
0.00
The offshore energy services provider said the deal was Pipeshield's biggest contract yet. Pipeshield will design, engineer and manufacture subsea scour protection for the quay.
"The contract … is for execution and revenue recognition in the current financial year ending 30 September 2021," Tekmar said.
Tekmar shares rose 8.3% to 67.70p at 10:12 GMT.