Libra on a contract binge with a $90m-worth orderbook

It has recently won an air-conditioning and ventilation contract.

Libra has secured three contracts in the past three months totaling $27m.

Its latest contracts are worth SGD5.3m, and are in relation to air-conditioning and mechanical ventilation system works on a 8-storey ramp-up multiple user auto workshop industrial development in Sin Ming, as well as in Ngee Ann Polytechnic Block 22. It expects to complete the projects by Nov 2015 and Feb 2015 respectively, according to a report by OSK-DMG.

Initially, analysts at OSK-DMG forecasted Libra to win an additional SGD20m worth of contracts by end-2014. However, it has already garnered SGD27m worth of new contracts to date, bringing its orderbook to about SGD90m.

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