Australia's Decmil Group extends gains on settling dispute

Southern Cross Electrical Engineering

04/08/2022 01:41

** Shares of engineering and construction services provider
Decmil Group  DCG.AX  rise as much as 2.7% to A$0.190, extending
gains to a fourth straight session 
    ** Co says it has agreed a final settlement for its dispute
with Southern Cross Electrical Engineering  SXE.AX  regarding
the subcontract for works at Rio Tinto's Amrun mine project in
Queensland    urn:newsml:reuters.com:*:nASX3rt9cH
    ** Says ongoing arbitration proceedings concerning this
dispute will be terminated 
    ** DCG stock down ~43.1% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))