Australia's Monadelphous gains on $102 mln of new contract and extensions

Monadelphous

21/07/2023 02:57

** Shares of engineering firm Monadelphous Group  MND.AX 
rise as much as 2.6% to A$13.12, their highest level since May
24
    ** Says secured new contracts and contract extensions
totalling ~A$150 mln ($101.6 mln) from Fortescue Metals Group
 FMG.AX , BHP Group  BHP.AX  and Rio Tinto  RIO.AX 
    ** MND trading 0.9% higher at A$12.91 as of 0124 GMT; on
track to log third straight day of gains, if trend holds
    ** MND among top 10 gainers in the ASX 200 benchmark index
 .AXJO 
    ** Down 4.3% this year, as of last close, vs a 4.1% increase
in the ASX 200 benchmark index 


($1 = 1.4765 Australian dollars)

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