UK's Kainos Group jumps on HY results
11/11/2024 09:38
** Shares of IT software provider Kainos Group KNOS.L up 5.53%
at 839p
** Co reports HY adj. pre-tax profit of 38.2 mln pounds ($49.2
mln), compared to 37.9 mln pounds a year ago
** "...Looking to the medium term and beyond, we continue to
see substantial growth opportunities across all our core
markets," says CEO Russell Sloan
** KNOS also appoints Investec bank to manage 30 mln pounds
share buyback programme
** Co rated "buy" on avg; median PT is 1,030p - LSEG
** Up to last close, stock had fallen ~25% YTD
($1 = 0.7761 pounds)
(Reporting by Joel Jose in Bengaluru)
((mailto:joeljose@thomsonreuters.com))