Afcons Infra shares drop 8% after contract terminations
pre-market1 source ↓written by the desknot a recommendation
- on 18
- 8%
Shares of Afcons Infrastructure Ltd. fell nearly 8% on 18 May following the cancellation of two road construction tenders in Croatia. The contracts were withdrawn by Croatian Motorways Ltd. due to bid values exceeding allocated financial resources. Investor sentiment remains cautious ahead of the company's Q4 earnings announcement today.
Not investment advice. For informational purposes only.