Fleetwood Limited (ASX:FWD) Upgrades Searipple Village Outlook
Contract Details
Fleetwood Limited (ASX:FWD) announced that the Saipem Clough Joint Venture has exercised its option for additional accommodation at Searipple Village in Karratha. Under the agreement, SCJV has secured additional rooms up to May 2025 on a take or pay basis.
Financial Performance
The additional rooms, along with other third-party agreements, will increase the forecasted contracted room nights for Searipple Village in FY25 to 80%, up from 72%. This is expected to deliver approximately AU$6.0 million of additional revenue. Fleetwood anticipates a further uplift in earnings in FY25. Further details will be provided on 28 February 2025 with the release of its Half Year Results for the period ended 31 December 2024.
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