Australia's Southern Cross Electrical hits 11-1/2-year high on contract awards

Southern Cross Electrical Engineering

16/04/2024 02:14

** Shares of Southern Cross Electrical Engineering  SXE.AX 
rise as much as 6.6% to A$1.205, their highest since Oct 8, 2013
    ** The construction and engineering services co says Heyday
unit awarded extensions at two data centres in New South Wales
and a range of buildings projects in the ACT
    ** Co says awards received totalling circa A$50 mln ($32.14
mln)
    ** Stock has risen 35.3% this year, as of last close

   ($1 = 1.5559 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))