By Matt Bell
SRG Global has rallied in morning trade after it secured $650 million worth of work across Australia and New Zealand, locking in new and repeat contracts spanning water, defence, transport, energy, industrials, resources, health and education.
Shares in the company were last up 5.1 per cent in morning trade to $2.80 after rising to an intraday high of $2.87.
Wilson Asset Management deputy portfolio manager Shaun Weick said SRG is continuing its strong run of contract awards.
“The most pleasing aspect being further evidence of successful cross-selling of services from more recent acquisitions. Industry activity levels remain very strong across the mining and industrial services space and we continue to like the sector.”
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