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Australia's Monadelphous hits eight-month high on strong first-half outlook

By Reuters News

** Shares of Monadelphous Group MND.AX rise as much as 16.2% to A$32.890, their biggest intraday pct gain since February 24

** Stock hits its highest level since February 24

** The engineering company forecasts first-half FY27 revenue of about A$1.7 billion ($1.18 billion), up from A$1.53 billion reported a year earlier

** Expects H1 NPAT of A$80 million-A$85 million, representing growth of 23.3%-31% from A$64.9 million last year

** Has secured a further A$830 million in new contracts since July 1

** YTD, stock up 22.6%, including the session's moves


($1 = 1.4468 Australian dollars)

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