22nd Jul 2014 10:23
LONDON (Alliance News) - AssetCo PLC Tuesday said that the extension of an ongoing contract for the supply of Fire Services in Abu Dhabi has now been agreed between AssetCo and the Abu Dhabi Government.
The newly-signed contract, an extension of a deal originally signed in March 2011, will now run until November 2016, said the company.
AssetCo said the contract is expected to generate revenues of approximately GBP18 million per year.
AssetCo also said it is trading in line with management expectations at present and will provide a further update on its performance later in the year.
Shares in AssetCo were trading 7.4% higher at 290 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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