Australia's Ventia Services rises on Western Power contract

Ventia Services

20/06/2024 06:15

** Shares of Ventia Services Group  VNT.AX  rise as much as
2.1% to A$3.85, their highest since April 5
    ** Infrastructure services provider gets contract from
Western Australia's state electricity corporation Western Power
for maintenance of its network
    ** Sees A$150 mln ($100.07 mln) in revenue from contract
over five years 
    ** About 2.4 mln shares change hands vs 30-day average
volume of around 2 mln
    ** Stock up 22.3% YTD, including session's gains




($1 = 1.4990 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))