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Saunders rallies on a dour day

On a day when it’s hard to find stocks moving in a positive direction, Saunders International was up by about 4.4 per cent in mid-morning trading.

On a day when it is difficult to find many stocks moving in a positive direction, the share price of Saunders International was up by about 4.4 per cent in mid-morning trading. But this is just part of a strong rally since the company delivered a respectable interim result for the six months to 31 December 2009.

Saunders is a diversified construction and engineering company that only listed on the Australian Securities Exchange in December 2007. The company has remained profitable throughout the five reporting seasons since it listed, despite the impact of the global financial crisis.

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    Original URL: https://www.afr.com/companies/infrastructure/saunders-rallies-on-a-dour-day-20100428-iuax0