BOUSTEAD ENERGY-RELATED ENGINEERING
DIVISION FINISHES FY2014 ON STRONG NOTE ?
WINS FURTHER GLOBAL CONTRACTS WORTH S$50M
 In excess of S$200 million in oil & gas contracts secured by division in
FY2014 ending 31 March 2014
 Boustead Group?s order book backlog raised to over S$450 million
Singapore, 26 March 2014
Boustead Singapore Limited (?Boustead?) is pleased to announce that its Energy-Related
Engineering Division has in recent weeks secured over S$50 million in contracts from the
oil & gas industries globally.
The contracts involve the design, process engineering and supply of process heater
systems and waste heat recovery units to energy developments in Africa, Asia and
Europe.
As a bright spot for the Boustead Group in FY2014, the Energy-Related Engineering
Division has secured in excess of S$200 million in oil & gas contracts to date in FY2014.
This amount has far surpassed the S$111 million in oil & gas contracts secured by the
division for the whole of FY2013. Together with the major water contract announced
yesterday, the latest contracts have raised the Boustead Group?s order book backlog (as
at the end of December plus new orders since then) to over S$450 million.
The latest oil & gas contracts are not expected to have a material impact on the
profitability, earnings per share and net tangible asset value per share of the Boustead
Group in the current financial year ending 31 March 2014. However, they are expected
to have a positive material impact on the profitability and earnings per share of the
Boustead Group in the next financial year ending 31 March 2015.
None of the Directors or controlling shareholders of Boustead has any interest, direct or
indirect, in the above contracts.