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Outlook and Prospects
The Group’s net order book as at
31 December 2016 stood at S$12.8
million, which included a new project
from a repeat customer for a contract
value of US$6.5 million and a new
project of US$2.5 million from a new
customer. Our backlog is expected to
be fully completed by 3Q2017.
The Group continues to tender actively
for projects in both the offshore oil
and gas industry, as well as onshore
works which require the Group’s area
of expertise in detailed engineering,
fabrication
and
construction.
The Group also collaborates with
experienced engineering firms to
participate in tenders which involve
Engineering,
Procurement
and
Construction. The Group remains
optimistic that we will be to secure
some amount of work for 2017.
Acknowledgements
On behalf of the Board, I would like
to express our deepest gratitude to
our customer partners and business
associates for their steadfast support
and their continued confidence in us
over the years. A word of appreciation
also extends to the Board of Directors,
our dedicated team of management,
employees, contractors and suppliers
for their hard work and commitment.
We shall continue working together
as a united, resilient team to further
enhance our operational efficiencies
and build a globally competitive group
for sustainable growth.
Finally, we would like to extend
our heartfelt thanks to our valued
shareholders for their continuous
support of the Dyna-Mac Group.
Lim Tze Jong Desmond
Executive Chairman & CEO
Topside module load-out
Pipe tracks being transported to sea-front for load-out
DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
08
CEO’s LETTER
TO SHAREHOLDERS