Brief: Q-Free Gets Tolling Contract In Thailand

Q-Free ASA

07/10/2019 07:43

Oct 7 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE - TOLLING CONTRACT IN THAILAND - 95 MNOK
    * Q-FREE AND A LOCAL PARTNER HAVE BEEN AWARDED A CONTRACT
WITH DON
MUANG TOLLWAY (DMT)
    * CONTRACT HAS A TOTAL VALUE OF APPROXIMATELY 95 MNOK
    * AS LEAD PARTNER Q-FREE WILL BOOK 100 PERCENT OF CONTRACT
REVENUE, HOWEVER Q-FREE'S SHARE OF CONTRACT SCOPE IS 75 MNOK.
    * REVENUE RECOGNITION WILL START IN 2019, ALTHOUGH MAJORITY
WILL
BE BOOKED IN 2020

Source text for Eikon:  ID:nWkr77TZRZ 
Further company coverage:  QFR.OL 

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