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BRIEF-Cape anticipates 2018 will be a more challenging year

Published 05/06/2017, 04:24 pm
Updated 05/06/2017, 04:30 pm
© Reuters.  BRIEF-Cape anticipates 2018 will be a more challenging year
CIU
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June 5 (Reuters) - Cape Plc CIU.L

* Secures strategic contracts in Australia and UK

* Unit Cape Australia Onshore secured contract with JKC Australia

* Contract for provision of insulation and coatings services for Ichthys project onshore LNG facilities in Darwin, australia

* Initial contract is expected to commence in Q2 of 2017, with majority of activity expected to take place in second half of year

* Now expects that group's full year performance for 2017 will be materially ahead of its previous expectations

* Anticipates that 2018 will be a more challenging year Source text for Eikon: ID:nNDL6380wJ Further company coverage: CIU.L

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