Australia's Monadelphous hits eight-month high on strong first-half outlook

Monadelphous

Tue 02:06

** Shares of Monadelphous Group MND.AX rise as much as 16.2% to A$32.890, their biggest intraday pct gain since February 24
** Stock hits its highest level since February 24
** The engineering company forecasts first-half FY27 revenue of about A$1.7 billion ($1.18 billion), up from A$1.53 billion reported a year earlier
** Expects H1 NPAT of A$80 million-A$85 million, representing growth of 23.3%-31% from A$64.9 million last year
** Has secured a further A$830 million in new contracts since July 1
** YTD, stock up 22.6%, including the session's moves

($1 = 1.4468 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.minda@thomsonreuters.com;))