Singapore-based building maintenance firm ISOTeam secured 15 projects worth S$24.2 million, sending its shares up as much as 3 percent.
ISOTeam, which upgrades, retrofits and maintains buildings and facilities in Singapore, won three projects involving addition and alteration works worth S$16.8 million.
It also secured two mechanical and electrical projects with a total value of approximately $3.15 million and five repair and redecoration projects worth $2.46 million, the company said in a statement on Tuesday.
"Business has been brisk, particularly for our A&A (addition and alteration) division which accounted for around S$16.8 million out of the S$24.2 million new contracts we secured, " Chief Executive Officer Anthony Koh said.
"The rest of our business units are also contributing positively and we are confident that the rest of fiscal 2018 will continue to bring new revenue for us despite challenging market conditions."
All the projects are slated for completion by August 2019.
These contracts are expected to have a positive impact on the earnings per share and net tangible assets per share of the group for the current financial year ending June 30, the company said.
Shares in the company rose 1.4 percent to S$0.35 on the Singapore Exchange. The stock has lost 7 percent so far this year.
