Australia's Saunders International hits 2-month high on $12.8 million contract win

Saunders International

17/10/2025 03:31

** Shares of Saunders International SND.AX rise as much as 2.4% to A$0.84, their highest level since August 11

** Engineering and construction co wins A$19.8 million ($12.80 million) order from PARC Engineering to construct 11 tanks in Northern Territory

** YTD, stock down nearly 18%, including current session's move

($1 = 1.5463 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))