Australia's Saunders International rises on securing construction contract

Saunders International

06/12/2022 01:04

** Shares of Saunders International Ltd  SND.AX  rise as
much as 1.3% to A$1.160, best day since Nov 21, if gains hold
    ** Engineering and construction co says it has been awarded
A$8.5 mln ($5.70 mln) contract by US-based Nova Nacap Joint
Venture to design and construct two bulk liquid fuel storage
tanks in Katherine, Northern Territory of Australia  urn:newsml:reuters.com:*:nASX5kK1f6
    ** Says the project will contribute to its revenue and
earnings through FY23 and into FY24
    ** Stock up ~18% this year as of last close
($1 = 1.4905 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))