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BOL — Boom Logistics News Story

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Australia's Boom Logistics rises on extending Olympic Dam contract with BHP

BUZZ-Australia's Boom Logistics rises on extending Olympic Dam contract with BHP

** Shares of Boom Logistics BOL.AX rise as much as 4.7% to A$2.22, their highest level since June 23

** Set for best session since June 16

** The construction support service provider extends its Olympic Dam contract with mining giant BHP Group BHP.AX

** Says revenue from the renewed contract is expected to be A$40 million ($27.47 million) per annum over the initial 5-year term, with a further 2-year option at BHP’s discretion

** Up 25.8% YTD, including the session's moves

($1 = 1.4560 Australian dollars)


(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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