Australia's Downer EDI gains on contract win

DOWNER EDI

19/06/2024 01:51

** Shares of Downer EDI  DOW.AX  up as much as 0.9% at
A$4.72, their highest level since June 7
    ** The contracting firm says was awarded a new contract by
NBN Co Ltd, with an estimated value of more than A$100 million 
($66.6 million)
    ** Adds, under contract co will augment the NBN network
through network extension and the connection of full fibre
technology to businesses in large parts of Western Australia,
South Australia, Northern Territory and New South Wales
    ** Stock has risen 6.4% this year, as of last close


($1 = 1.5015 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))