VDM Group's order book has been boosted to $346 million after subsidiary Wylie and Skene was awarded a $14.2 million contract for works on BHP Billiton's Rapid Growth Project 5 in the Pilbara.
VDM Group has announced it has been awarded a $93.5 million contract for work building an accommodation unit at Citic Pacific's Sino Iron Project at Cape Preston in the Pilbara.
VDM Group has reported a loss of $106 million for the 2009 financial year on the back of hefty writedowns coupled with weak business confidence and highly competitive tendering.
Shares in VDM Group have fallen as much as 26 per cent today, a turnaround from the share price surge it experienced on Friday afternoon that forced a temporary trade suspension.
VDM Group has sold the surplus assets of its subsidiary Civmec, including the name, for more than $2 million as part of the group's restructure and consolidation strategy.
VDM Group expects to book an operating loss for the 2009 financial year as current business conditions result in a write off of goodwill by up to $85 million.
Como Engineers, a subsidiary of VDM Group, has secured a $17 million contract from Focus Minerals for work at the Three Mile Hill gold treatment plant at Coolgardie.
VDM Group is expecting a better second half performance after forecasting its first half profit to fall to $3 million, prompting its shares to fall by as much as 63 per cent in trade today.
VDM Group has been awarded a $32 million contract by the Attorney-Generals Department to develop new freight handling and passenger transport facilities on the Cocos Islands.
VDM Group Ltd subsidiary, Civmec Construction & Engineering Pty Ltd, has been awarded a $30 million contract to construct a permanent mine camp at Moorvale Queensland.
Northbridge-based VDM Group Ltd subsidiary, Queensland-based Bellero Constructions Pty Ltd has been awarded a $30m contract for the construction of the Bundaberg Ring Road by the Queensland Department of Main Roads.
Engineering and construction group has reported a strong rise in net profit following a spate of acquisitions, but large share issues during the year meant there was little growth in earnings per share.
Northbridge-based VDM Group Ltd subsidiary Civmec Construction and Engineering Pty Ltd has been awarded a $23 million construction contract by Monadelphous Group Ltd for work at Xstrata's Mt Isa mine.
Northbridge-based VDM Group will pay $15.5 million for a block in Osborne Park, while subsidiary Keytown Constructions has won a $28.5 million construction contract in Mandurah, the company announced today.
The once-sleepy fishing town of Jurien Bay will be transformed into a premier nature-based tourism destination over the next five years, with a major influx of tourism development and capital investment.
Northbridge-based VDM Group Ltd is back on the acquisitions trail, announcing plans to acquire three Western Australia-based businesses for $87.5 million in cash and scrip during the 2007-08 financial year.
Northbridge-based VDM Group Ltd has merged its Western Australian civil engineering consultancies - Van Der Meer Consulting and Ewing Consulting Engineers - to be re-badged as Ewing VDM.
VDM Group Ltd subsidiary, Van Der Meer Consulting, has been awarded an initial $3.5 million contract to provide significant structural engineering expertise to the Dubai Waterfront Development.
Multi-disciplined construction and engineering company, VDM Group Ltd, has been awarded the design and construction contract for Taggart Development's $34 million Jurien Bay Beach Resort.
National civil and structural engineering player VDM Group Ltd has just completed a $12 million capital raising to fund an aggressive acquisition strategy and support current contracts worth nearly $70 million.
Western Australian headquartered engineering group VDM Group Ltd has entered into a contract to acquire Darwin-based environmental consultancy business EcOz Environmental Services, effective 1 July 2006, for $250,000.
Western Australian-headquartered engineering group VDM Group Ltd, through its subsidiary Keytown Constructions, has been awarded a $4.2 million warehouse construction contract at Hazelmere in outer suburban Perth.
VDM Group Ltd has announced that its its joint venture partner, has been recommended as the preferred contractor by Ports Corporation of Queensland on the Abbot Point stacker and load-out facility.
VDM Group Limited has announced that its its joint venture partner, has been recommended as the preferred contractor by Ports Corporation of Queensland on the Abbot Point stacker and load-out facility.
Perth-based international consulting, engineering and contacting company, VDM Group, has its sights on further acquisition-based expansion and expected listing on the Australian Stock Exchange in the middle of next month.
