Matrix sees order book swell as oil and gas market recovers

PERTH-based Matrix Composites & Engineering was up 25% at close yesterday, after updating the market by announcing $9 million worth of new work taking its existing order book to approximately $24 million as of June 30.

Matrix sees order book swell as oil and gas market recovers Matrix sees order book swell as oil and gas market recovers Matrix sees order book swell as oil and gas market recovers Matrix sees order book swell as oil and gas market recovers Matrix sees order book swell as oil and gas market recovers

The company attributed the new work to a "trend of increasing project activity" in the oil and gas markets, saying it comes after a sustained period of "historically low capital investment.