Australia's Saunders International jumps on civil infrastructure contracts

Saunders International

07/08/2024 01:27

** Shares of Australia's Saunders International  SND.AX 
rise as much as 4.2% to A$0.87
    ** Stock set for best intraday pct gain since early May
    ** The engineering and construction co says it has been
awarded four contracts in the civil infrastructure sector
    ** Each of the four projects includes demolition of existing
bridge, as well as design and construction of a new concrete
bridge structure in New South Wales
    ** Stock has fallen 9.3% this year, as of last close 

   ($1 = 1.5328 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))