Australia's Kelsian Group gains on co's subsidiary being awarded contract in Singapore

Kelsian

30/05/2025 02:09

** Shares of Kelsian Group KLS.AX rose as much as 4.2% to A$3.250, their highest since May 19; last up ~2%

** Stock posts its largest intraday pct jump since May 13

** Transport provider and tourism operator says its subsidiary, Tower Transit Singapore,  has been awarded a contract for operation of bus services and maintenance of vehicles for Sentosa Development Corporation

** Says contract secures total revenue of A$27 million ($17.37 million) over contract term of five years

** Stock on track for fourth consecutive session of gains, if current trends hold

** KLS set for its strongest month since November 2022

** Stock down 11.8% YTD, including current session's moves

($1 = 1.5542 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))