Australia's Wagners Holding climbs on securing supply contract

Wagners Holding

31/05/2022 03:26

** Shares of construction materials producer Wagners Holding
Company  WGN.AX  climb as much as 19.3% to A$1.420, mark their
biggest intraday gain since May 28, 2020 
    ** Co secures contract to supply precast concrete tunnel
segments to the Sydney Metro – Western Sydney Airport project
 urn:newsml:reuters.com:*:nASX6hzljw
    ** Says project's contribution to WGN's revenue is expected
to be around A$140 mln ($100.59 mln) over an estimated 20-month
period, commencing late 2022
    ** Shares hit their highest since April 11
    ** Volumes are 2.8 times the 30-day average of 76,317 shares
    ** As of last close, stock down 25.6% this year

($1 = 1.3918 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))