Orcoda’s wholly-owned Betta Group posts record revenue exceeding $9.5M

Highlights:

  • Orcoda’s wholly-owned subsidiary Betta Group has had a record revenue year.
  • Betta Group revenue unaudited exceeded $9.5M for FY21.
  • Betta is continuing to win new and attain existing contracts in road, rail and air as a result of its expertise.
  • Beta continues to win mining contracts in addition to thbe Pacific Energy deal.

Orcoda Limited (ASX: ODA) (‘Orcoda’ or the ‘Company’), the resources, healthcare, and transport logistics and transport services optimisation company, is pleased to announce that its acquisition of Betta Group (“BGC” or “Betta Group”) is paying strong dividends and the synergies of the merger with Orcoda are delivering better than expected benefits.

Geoffrey Williams, Betta Group, General Manager said: Although COVID-19 impacted our business in the first half we still had a very good FY21, as the last 6 months of FY21 were exceptional with multiple new contracts coming on board and our work with Aurizon continuing to grow. The merger with Orcoda has been well managed and I have been very impressed with Geoff Jamieson’s mergers and acquisition expertise and his understanding of our business.”

“Working with Geoff and his team at Orcoda has been very complementary to the Betta Group and I am looking forward to continuing to grow our revenues to the benefit of Orcoda shareholders and customers”.

Geoff Jamieson, Orcoda Managing Director said: “Geoff Williams leadership capabilities, collective skills, ability and expertise in growing Betta into a industry leader in Central Queensland is a credit to him and his fantastic staff. Their dedication and work ethic is beyond repute and we at Orcoda are looking forward to working with them to continue growing revenues and profits to the benefit of our shareholders.”

“We’re looking forward to updating the market with further Betta Group contract wins in the coming months.

Read Full Announcement

Category

Tags

You May Also Like…

June Quarterly FY22 Financial Highlights

June Quarterly FY22 Financial Highlights

Orcoda has delivered record total income for the full year of $16.8 million (unaudited), with strong momentum across all business divisions and annual positive operating cash flow of $1.1 million...

read more
Orcoda Alliance Agreement with Tutis VReddo

Orcoda Alliance Agreement with Tutis VReddo

Orcoda Limited (ASX: ODA) (‘Orcoda’ or the ‘Company’) is pleased to announce that it has entered into an Alliance Agreement (“Alliance Agreement”) with Tutis Holding Pty Ltd (“Tutis VReddo”) to...

read more
Loading...