Australia's K&S Corp slips on HY profit guidance

K&S

26/11/2024 03:41

** Shares of K&S Corp  KSC.AX  fall 2% to A$3.49, set for
its worst trading session since Oct. 24
    ** Logistics service provider sees HY underlying profit
before tax of A$23 mln-A$24 mln ($14.91 mln-$15.56 mln) for FY
2025, below HY24 underlying PBT of A$24.4 mln
    ** More than 13,780 shares change hands, 3.3 times the
30-day avg
    ** Stock up 36.9% YTD, including current session's moves

($1 = 1.5425 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))