Hanwei Energy Services Corp. (HE.TO: Quote) announced that it has been awarded a new $3.9 million order, placed by an existing Kazakhstan client, for the supply of the company’s high pressure, glass reinforced epoxy pipes and fittings.
The company has previously announced revenues of $13.2 million for the six month period ending September 30, 2012. As of the date of this press release the company has confirmed sales orders of approximately $13 million; inclusive of the abovementioned new Kazakhstan order and in addition to the revenues recognized as at September 30, 2012. These orders are expected to be produced and shipped within the companyc’s current fiscal year ending March 31, 2013.
Click here to receive FREE breaking news email alerts for Hanwei Energy Serv and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News