Australia's Kelsian gains on unit's renewed transport contract

Kelsian

24/10/2024 03:43

** Shares of Kelsian  KLS.AX  rise as much as 3.6% to
A$4.270; their biggest intraday pct gain since Oct. 9
    ** Transport co's unit renews a 10-year contract with Jersey
Island's Department of Infrastructure and Environment to operate
and maintain all its public bus services
    ** Says contract will secure an estimated A$260 mln ($172.5
mln) in revenue over the 10-year term
    ** Stock extends gains to third straight session, trimming
YTD losses to ~39%

($1 = A$1.5065)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))