Australia's Boom Logistics jumps on securing maintenance contract

Boom Logistics

12/06/2024 04:41

** Shares of Boom logistics  BOL.AX  rise as much as 3.6% to
A$0.145; set to gain most since May 21, if current gains hold
    ** Logistics firm secures contract worth A$12 million ($7.9
million) for maintenance work on wind turbines 
    ** Co says contract secured with Squadron Energy
    ** Adds, work will start in first-half of FY25
    ** Stock up 12% this year, as of last close

($1 = 1.5124 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))