Australia's Fleetwood hits over 1-year high on accommodation deal

** Shares of Fleetwood FFWD rise as much as 3.4% to A$2.14, their highest levels since Aug 31, 2023

** The accommodation solution provider signs a binding agreement with the Saipem Clough Joint Venture (SCJV)

** Says under deal, SCJV has secured supply of rooms from Oct 2024 for a two-year period at Searipple Village in Karratha, Western Australia

** Searipple Village is owned and operated by Fleetwood

** Says agreement is expected to generate minimum of A$13.5 mln ($9.08 mln) of additional revenue for co's community solutions division over term of contract

** About 134,582 shares change hand, about 2.5 times their 30-day average trading volume

** Fleetwood stock up 15%, YTD

($1 = 1.4865 Australian dollars)