Australia's Damstra jumps on appointment as tech partner by Spark consortium

GS Engineering & Construction

02/03/2022 01:02

** Damstra Holdings Ltd  DTC.AX  rises as much as 18% to
A$0.23, their biggest intraday pct jump since July 23
    ** Workplace management solutions provider says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02494465-3A588925?access_token=83ff96335c2d45a094df02a206a39ff4
 appointed as tech partner to provide services for North East
Link road project in Victoria
    ** Appointment by Spark consortium, which comprises CIMIC
Group  CIM.AX  companies CPB Contractors, Italy's WeBuild
 WBD.MI , South Korea's GS Engineering & Construction Corp
 006360.KS , among others
    ** DTC says project expected to deliver new revenue of A$4.9
mln over six years
    ** About 1 mln shares change hands, vs the 30-day average of
283,000 shares
    ** DTC second biggest percentage gainer in the ASX All
Ordinaries index  .AORD 
    ** Stock down 42.7% this year, as of last close, vs a 5.1%
decline in the ASX All Ordinaries index 

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))