Australia's Monadelphous Group heads for best week in a year on upbeat outlook

Monadelphous

Yesterday 03:34

** Shares of Australia's Monadelphous Group MND.AX fall 1.2% to A$33.83
** Stock has risen 18.9% so far this week, heading for best week since November 2025
** Co said on Tuesday it expected first-half FY27 revenue of about A$1.7 billion, up from A$1.53 billion a year earlier, and net profit after tax of A$80 million-A$85 million, up 23.3%-31% YoY
** Engineering firm last week said it had secured new contracts worth around A$150 million ($102.11 million) in resources sector, including a 4-year Rio Tinto RIO.AX  maintenance contract and a contract with global miner BHP BHP.AX 
** Stock up 27.5% YTD, including moves in current session

($1 = 1.4691 Australian dollars)

 (Reporting by Swetha Lakshmi in Bengaluru)
 ((Swetha.Lakshmi@thomsonreuters.com;))