Australia's Civmec slips on subdued business update
14/11/2024 24:01
** Shares of Civmec CVL.AX fall 1.5% to A$1.32, hitting
their lowest since Oct. 28
** Construction and engineering services provider expects
lower levels of activity during the third quarter of fiscal
2025, which could extend into the fourth quarter
** Lower activities attributed to delays in timing of
project awards into 2HY25
** Stock down 37.8% YTD, including current session's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com))