Australia's Johns Lyng rises on A$56 mln govt contract

Johns Lyng

03/04/2023 04:56

** Shares of Johns Lyng Group  JLG.AX  leap as much as 3.1%
to A$6.59, their highest level since March 6
    ** Stock records best intraday pct gain since March 6
    ** Co appointed by South Australia's govt to co-ordinate on
disaster recovery ops related to flooding along Murray river,
with an initial contract value of A$56 million ($37.32 million)
    ** JLG also buys strata management business Advanced
Community Management for A$2.7 million 
    ** As of last close, JLG up 3.2% YTD


($1 = 1.5004 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))