Australia's SRG Global hits 2-week high on securing $54.5 mln of contracts

SRG Global

19/07/2022 03:22

** Shares of construction contractor SRG Global  SRG.AX 
rise as much as 4.1% to A$0.64, their highest level since July 5
    ** Secures two-year civil services contract with South32
 S32.AX  at its Worsley Alumina operations in Western Australia
 urn:newsml:reuters.com:*:nASX4BTL5H 
    ** Also secured a three-year marine remediation contract
with Fremantle Ports in Western Australia 
    ** Signed contract with BCI Minerals  BCI.AX  to provide
earthworks and civil services, also in Western Australia 
    ** Contracts have cumulative value of about A$80 million
($54.54 million)
    ** Trading volumes near thrice their 30-day average, with
about 1.6 million shares traded so far
    ** SRG up 20.6% YTD as of last close 

($1 = 1.4667 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))