Summary:

• Nera Telecommunications announced it has secured a S$2.4 million contract, adding to its order book and underpinning near-term revenue visibility.

• The project relates to telecommunications and network solutions, in line with the group’s core systems integration and infrastructure capabilities.

• The contract is not expected to have a material impact on net tangible assets or earnings per share for the current financial year, given the group’s existing scale.

• Execution risk is limited as the contract falls within NeraTel’s established competencies and will be delivered over a defined implementation period.

• The win supports management’s strategy of targeting higher-value projects in its key regional markets.

Link:
https://links.sgx.com/1.0.0/corporate-announcements/LO7X2A01GPGF358K/df07e88e8e4f7dfb91c2f26d6c4ac9dd741bacb495f3feb19d40036776a9149a