Australia's Service Stream rises to 2-1/2-month high on $324 million agreements

Service Stream

18/05/2026 04:29

** Shares of Australia's Service Stream SSM.AX rise as much as 4.2% to A$2.23, their highest level since February 23

** The network services company secures new agreements worth A$455 million ($324.14 million), including a A$405 million contract for maintenance services with Yarra Valley Water, which is the Victoria state's retail water corporation

** Agreements also include two contracts at a power station in Queensland, with an estimated combined value of A$50 million

** Stock down 0.5%, YTD

   ($1 = 1.4037 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))