RA International (LON:RAI), a leading remote services provider in Africa and the Middle East, announced on Monday that it has won a government contract, in addition to providing an update on trading.
Shares in the company were up 4.34% on Monday morning.
The company said that it has won a government contract with a value of up to $9 million.
The contract, which was originally expected to be signed in H2 2018, will see construction and facilities management services provided over the next three years.
The project is set to commence in H2 2019.
In addition to the contract announcement, RA International also issued an update on its current trading.
It said that the year-to-date has been encouraging and further progress has been made in line with its strategy of bidding for larger contracts across three service channels, diversifying its geographical presence and broadening its customer base.
RA International added that continued investment is being made in infrastructure and personnel in order to enable the company to pursue further expansion.
“As last year, we expect financial performance to be weighted in the second half of the year, but we are confident in delivering on market expectations for 2019. The outlook for RA International is positive; we have been shortlisted to tender for several major contracts and we have the platform from which to capitalise on the opportunities available to us,” Soraya Narfeldt, CEO of RA International, commented in a statement.
In the first half of the year, RA International was awarded several contracts, such as construction works at the US embassy in Denmark and a long-term contract with the United Nations.
Its UNSOS contract, awarded earlier this year in May, will see it provide vehicle and equipment fleet operation and first in line maintenance services to UNSOS in up to 10 locations in Somalia.
Shares in RA International Group plc (LON:RAI) were up 4.34% as of 09:44 BST Monday.