Australia's Decmil Group climbs after securing $68 mln road contract

Decmil

29/06/2022 02:24

** Shares of engineering and construction services provider
Decmil Group  DCG.AX  rise as much as 12.9% to A$0.105 - set for
their best day since May 25, if gains hold
    ** Co says it has been awarded a contract worth A$98 mln 
($67.61 mln) to carry out the second phase of the Albany ring
road project in Western Australia  urn:newsml:reuters.com:*:nASXbx37TK
    ** Says the total contract is expected to be completed in
late 2024
    ** DCG down ~71.4% this year, as of last close 

($1 = 1.4495 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))