Brierty jumps on $150m contract

The West Australian December 15, 2010, 12:41 pm

The West Australian © Brierty jumps on $150m contract

Shares in contractor Brierty jumped 18 per cent after the company announced it had been named preferred contractor on a job valued at about $150 million over three and a half years.

"A contract is yet to be signed, with negotiations still to occur on the final terms and conditions," the company said in a statement.

"Pending successful negotiation, the project is expected to commence late in the 2011 financial year."

Brierty shares were up five cents, or 18.18 per cent, to 32.5 cents at 12.40pm.

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