Australia's Ventia Group hits record high on contract win

Ventia Services

20/08/2024 04:26

** Shares of Ventia Group  VNT.AX  rise 1.1% to A$4.47,
hitting a record high, and are last up 0.8%
    ** Infrastructure services provider wins maintenance
contract by Seqwater to provide electrical, mechanical services
across its water network
    ** Contract is expected to generate revenue of around A$220 
mln ($147.8 mln), co says
    ** Seqwater provides bulk water storage and transport to the
Queensland region
    ** Stock is up 40.1% this year, as of last close
($1 = 1.4888 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))