Mayfield Group Wins AU$35 Million in New Projects; Shares Soar 13%

MT Newswires Live

01-28

Mayfield Group Holdings (ASX:MYG) disclosed new contract wins worth roughly AU$35 million, according to a Jan. 24 filing with the Australian bourse.

The company's subsidiary, Mayfield Industries, will supply and install 26 prefabricated protection buildings for ACEREZ consortium's Central West Orana Renewable Energy Zone. The contract is valued at AU$20 million. Construction will begin in the fourth quarter of the year and last until the second quarter of 2027.

Mayfield Group also won other new contracts with a combined worth of AU$15 million, per the filing.

The company's shares soared 13% in recent trade.

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