Australia's Southern Cross hits two-week high over contract awards

Southern Cross Electrical Engineering

23/08/2023 03:59

** Shares of Southern Cross Electrical Engineering Ltd
 SXE.AX  gain as much as 1.5% to A$0.69; highest since Aug. 9
    ** Electrical and communication services provider announces
contract awards over A$90 million ($57.99 million)
    ** Works in resources, infrastructure, and commercial
sectors - co 
    ** Says record order book entering FY24
    ** Stock has fallen 2.2% this year, as of last close 
    
($1 = 1.5521 Australian dollars)

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
 ;))