UK's Kainos group falls on decline in digital service revenue

Kainos

13/11/2023 12:28

** Shares of UK-based digital services Kainos Group  KNOS.L 
tumbles 20.2% to  989.8p; top pct loser among London stocks
    ** Co reports decline in digital services HY revenue by 1%
to 109.2 mln stg ($133.65 million), its biggest segment
    ** KNOS says HY healthcare revenue reduced by 32% to 20.5
mln stg, which is 11% of total revenue. However, the co does not
expect further significant reductions 
    ** Co also logs overall booking of 201.9 mln stg, down 9% in
HY
    ** KNOS reports HY adj PBT 37.9 mln stg, up 11%; rev 193.2
mln stg, up 7% 
    ** Stock down 35.9% so far this year







($1 = 0.8171 pounds)

 (Reporting by Zainab Saifuddin Saifee in Bengaluru)
 ((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))