SXE Wins Electrical Contracts

Southern Cross Electrical Engineering Ltd (ASX:SXE) is pleased to advise it has won the electrical and instrumentation contract for the Mt Cattlin Spodumene Mine for Galaxy Resources Ltd and a number of smaller projects. The value of these contracts is approximately $6.5 million.

Southern Cross Electrical Engineering Half Year Results

Electrical and instrumentation construction specialist, Southern Cross Electrical Engineering Limited (ASX:SXE) today released its first half financial results. The key financial numbers are:

ACQUISITION OF QUEENSLAND ELECTRICAL BUSINESS AND EARNINGS UPDATE

Business Acquisition
Southern Cross Electrical Engineering Ltd (ASX:SXE) today announced the execution of an agreement to acquire Queensland based electrical and instrumentation specialist, Oceanic Industries Pty Ltd (“Oceanic”). To date Oceanic has focussed on the coal seam gas (“CSG”) market and retains a blue-chip customer base including: QGC, Origin, Santos, Arrow and Cougar. In addition to servicing the CSG market, Oceanic undertakes electrical and instrumentation installations as a preferred contractor to the BP and Caltex refineries in Queensland.