Australia's Monadelphous jumps on construction contracts worth $79 mln
24/05/2024 04:10
** Shares of Monadelphous MND.AX rise as much as 0.7% to
A$13.700, their highest levels since May 15
** The construction co says it is awarded new construction
and maintenance contracts in the resources sector of A$120 mln
($79.13 mln)
** Stock set for best week since Dec 15, 2023, if gains hold
** Monadelphous stock down 8.3%$ YTD, as of last close
($1 = 1.5165 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com;))
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