Australia's COSOL falls after saying Papua New Guinea contract will end in January

Cosol

27/12/2023 01:20

** Shares of asset management solution provider COSOL Ltd
 COS.AX  dip as much as 1.1% to A$0.930 
    ** Co says its contracts to deliver services to Papua New
Guinea copper mining operation of gold and silver mine operator
Ok Tedi Mining Ltd will end on Jan. 31, 2024
    ** Says no material impact on COSOL's anticipated financial
results for FY24, given strong trading conditions in co's key
markets
    ** Stock up 25.3% this year, as of last close, vs a 6.6%
increase in the benchmark S&P/ASX 200 index  .AXJO  

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))