Australia's Saunders International hits over 2-month high on securing new contracts

Saunders International

02/02/2023 01:03

** Shares of Saunders International  SND.AX  jump as much as
5.4% to A$1.18, hitting their highest since Nov 21
    ** Steel storage tank designer says it got new contracts of
about A$18 mln ($12.86 mln) 
    ** Says contracts are in the oil, water and new energy
sectors 
    ** Adds under contracts, SND to design and construct tanks
for Fulton Hogan in Victoria and UGL in New South Whales 
    ** In 2022, stock gained 16.4%
($1 = 1.3996 Australian dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))