Valmec Limited announced awards of new contracts and preferred contractor positions totaling approximately $43 million across its service and construction segments. The new secured contracts include: Gas and infrastructure construction contracts for Arrow Energy, AGIG, Water Corporation & Incitec Pivot on various SMPE&I work fronts around Australia; Asset Services contracts with Tier 1 gas and resource producers in Western Australia and Queensland.

The company expects revenues of circa $130 million to $140 million during fiscal year 2020. The mid-point of this range represents forecast year-on-year revenue growth of 22.7%.