Australia's Scidev rises on contract to build water treatment plant in Queensland

Scidev

22/12/2022 24:22

** Shares of Scidev Ltd  SDV.AX  rise as much as 16.7% to
A$0.35, set for best day since July 22, if gains hold 
    ** Service provider to water-intensive industries secures
contract with Australia-based waste management co, Cleanaway
Waste Management Ltd  CWY.AX  
    ** Contract to deploy a Build Own Operate water treatment
plant in Queensland 
    ** Says contract has a minimum value of A$2.15 mln ($1.44
mln)
    ** Co shares hits highest since Aug 18
    ** Shares of co are down 48.3% YTD as of last close 
($1 = 1.4901 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))