UK's Kainos falls on FY revenue drop

Kainos

19/05/2025 08:57

** UK's Kainos Group KNOS.L down 3.6% at 783.5 p

** Stock posts biggest intraday loss since April 9, 2025

** IT software developer posts FY revenue of 367.2 million pounds ($489.7 million), down 4% from a year earlier

** Co also posts FY adj PBT of 65.6 million pounds, down 15% compared to the year ago

** Announces launch of share buyback programme of 30 million pounds

** Stock down 1.30% YTD

($1 = 0.7498)

(Reporting by Subiksha S)

((Subiksha.S@thomsonreuters.com))