NZ's MHM Automation jumps to a month high on securing contracts

MHM Automation

24/03/2021 23:33

** Shares of MHM Automation  MHM.NZ  rise as much as 4.3% to
NZ$0.73, their highest since Feb 25
    ** Supplier for automated equipments says in past 2-1/2
months secured number of new contracts that underpin business
for the remainder of the financial year and through the 2021
calendar year  urn:newsml:reuters.com:*:nNZSwq4a
    ** Says contracts include a A$13 mln ($9.9 mln) contract for
three SSO plate freezers to an Australian red meat exporter 
    ** Also sees increased EBITDA for FY over prior year
    ** MHM on track for their third straight session of gains
    ** So far this year, stock was flat 

    ($1 = 1.3182 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru; Editing by Tom
Hogue)
 ((Savyata.mishra@thomsonreuters.com))