Here’s why all eyes will be on the Cimic (ASX:CIM) share price today

Published

5 years ago

February 11, 2021

Cimic Group Ltd (ASX: CIM) shares will be watched closely by investors once the market opens this morning. This comes after the company announced yesterday it has secured several contract extensions in the power industry.

The Cimic share price finished Wednesday’s session 17% lower at $21.56 due to its disappointing full-year results.

What was announced?

The Cimic share price could be on the rebound today following a positive update to the market after Wednesday’s session.

According to its release, Cimic advised its subsidiary, UGL, has won several power contract extensions involving maintenance and outage works.

The engineering company will deliver services across Western Australia, South Australia, and New South…

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