WDS's $50 million win

The engineering contractor's stock lifted after announcing $50 million worth of contracts with Santos and Vale.

Shares in WDS (WDS) bucked the market downtrend this morning after the engineering contractor announced it had secured more than $50 million worth of new contracts.

The news will bolster confidence in WDS’ earnings outlook for the current year with the market expecting sales to lift 1.5% for the current financial year to $356.5 million.

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