Australia's SKS Technologies soars on order win, positive outlook

SKS Technologies

12/07/2024 01:42

** Shares of SKS Technologies  SKS.AX  rise as much as 22.3%
to A$1.400; set for their best day since Nov 10, 2023 - if
current trend holds 
    ** The tech co says it has been awarded a ~A$90 million 
($60.87 million) contract for an international hyperscale data
centre project in Melbourne 
    ** Co also says it expects total annual revenue for FY25 to
be about A$200 million ($135.3 million), due to the contract win
    ** About 410,300 shares change hands, 3.4 times compared
with the 30-day average volume of 120,950 shares 
    ** Stock has risen triple-fold this year, as of last close


($1 = 1.4786 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))