Australia's K&S Corp extends gains on positive FY23 forecast

K&S

01/06/2023 06:29

** Shares of K&S Corporation  KSC.AX  gain as much as 15.2%
to A$2.430, their highest since Apr 5 
    ** Logistics firm extends gains from Wednesday after it
upgraded its FY23 underlying profit before tax (PBT) guidance 
    ** Co sees FY underlying PBT to be between A$41.9 million
($28.4 million) and A$42.9 million; it had reported PBT of
A$23.1 million in the yr-ago period
    ** Co says it continued to experience resilient trading
conditions for H2 FY23 
    ** Stock has risen ~4.5% this year


($1 = 1.4743 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))