Australia's Kelsian Group jumps as unit secures transport contract in US

Kelsian

20/09/2024 02:09

** Shares of Kelsian Group  KLS.AX  rise as much as 2.8% to
A$4.110, set for best day since Sept 11, if gains hold     
    ** Transport provider says its U.S. unit has been awarded
contract to provide state-wide motorcoach transit operations
throughout Colorado 
    ** KLS says contract is for operation of the statewide
Bustang and Pegasus motorcoach transit networks from Nov 1,
2024, and secures up to US$26.5 million of revenue in the first
year
    ** Stock hits highest level since Sept 16    
    ** KLS down 42.1% YTD, as of 0106 GMT

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