Australia's Civmec slips on subdued business update

Civmec

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))