Australia's GenusPlus Group hits over 1-week high on getting contract

Genusplus

21/03/2022 24:32

** Shares of GenusPlus Group  GNP.AX  rise as much as 2% to
A$1.250, their highest since March 11
    ** The power and infrastructure co secures https://www.asx.com.au/asxpdf/20220321/pdf/457675821hmrz9.pdf
 a contract for circa A$40 million ($29.65 million) with
electricity producer Southern Cross Energy Partnership
    ** Project is for engineering, procurement and construction;
scheduled to commence immediately 
    ** Co says all works are projected to be completed by
mid-2023
    ** Adds that project will be completed by co's Western
Australian operations
    ** Stock up for a fifth straight session
    ** As of last close, GNP is down ~2.4% so far this year

($1 = 1.3490 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))