BUZZ-Australia's Acrow gains on $26.8 mln contract win

Reuters
2024-12-09
BUZZ-Australia's Acrow gains on $26.8 mln contract win

** Shares of Acrow ACF.AX rise 5.8% to A$1.1, set for their best session since late November 2023

** Stock hits highest level since Nov. 19

** Construction services provider says it has been awarded industrial service contract valued at A$42 mln ($26.8 mln)

** Contract for supply and management of scaffolding equipment and provision of labour for Project Ceres urea project in Western Australia

** Co says project set to become one of the largest urea plants globally upon completion in mid-2027

** More than 855,000 shares change hands vs 30-day avg volume of around 468,000 shares

** Stock up 5.3% YTD, including current session's moves

($1 = 1.5647 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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