Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Management Resource Solutions wins Australian government contract

MRS said that the new contract was likely to open up further opportunities in the short term
Management Resource Solutions wins Australian government contract
MRS supplies technical and strategic services in the oil and gas, construction and resources industries

Management Resource Solutions PLC (LON: MRS) on Friday said its Bachmann Plant Hire (BPH) unit had won a contract for AUD$2.0mln contract providing civil and earthworks on an Australian Federal Government project in the Northern Territory.

The company said that mobilisation of equipment and personnel to Katherine, Northern Territory, Australia had already begun. MRS said the contract win rewarded BPH's strategy of exploring and executing opportunities outside of traditional operating locations.

READ: Legacies catch up with Management Resource Solutions

"This parcel of work represents an exciting time and will no doubt open up further opportunities in the short term. We understand that mobilising equipment and people into remote communities is challenging, and we will closely monitor our performance," Shaun Fraser, the general manager of its civil and earthworks operations said in a statement.

"We understand that mobilising equipment and people into remote communities is challenging, and we will closely monitor our performance. Yet working on projects of this nature is expected to deliver commercially," he added.

Shares in MRS rose sharply in early trade but fell back and were 0.6% up at 8.5p later in the morning.

View full MRS profile View Profile

Management Resource Solutions Timeline

Related Articles

The river Thames
June 08 2018
No longer focused so much on drone technology, the high-tech survey and inspection specialist is so changed that it probably should change its name but management would rather spend the money growing the business
June 06 2018
Financial services have been especially strong and driven by fears over cybersecurity ...
Ryanair plane
August 23 2018
Two new directors have been appointed, though the group is still looking for a replacement for chairman Iain Ferguson

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use