Australia's Verbrec rises on bagging $15 million in water infra contracts
20/10/2026 03:20
BUZZ-Australia's Verbrec rises on bagging $15 million in water infra contracts ** Shares of Australia's Verbrec VBC.AX rise 4.6% to A$0.230, set for their strongest trading session since October 12, if gains hold
** The engineering and mining tech firm secures about A$22 million ($15.34 million) in water infrastructure projects since the start of FY27 in New Zealand and South Australia among other locations
** Company says projects will span the remainder of FY2027 and extend into full-year 2028
** Adds company's work-in-hand position for rest of the fiscal year remains in line with management expectations and is consistent with full-year 2027 revenue outlook issued in July
** Stock up nearly 7%, YTD, including session moves
($1 = 1.4339 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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