Acrow Secures Jumpform, Screens Deal with Meriton; Shares Up Nearly 3%

MT Newswires Live

Dec 19, 2024

Acrow (ASX:ACF) secured a AU$4.5 million contract with property developer Meriton through formwork contractor Formcom for Jumpform and screens equipment, according to a Thursday filing with the Australian bourse.

The contract, which will start in March 2025, will involve Tower 2 of Meriton's Cypress Palms development in Queensland, the filing said.

The company also won a AU$3 million contract with Future Generation for the sale and supply of equipment to the Snowy 2.0 hydro-electric project in New South Wales, with revenue set to be recognized in the fiscal second half, according to the filing.

Shares rose nearly 3% in afternoon trade Thursday.

Price (AUD): $1.04, Change: $+0.03, Percent Change: +2.48%

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