Australia's Kelsian Group rises as co explores asset divestment

Kelsian

02/04/2025 03:02

** Shares of Kelsian Group KLS.AX rise 3.9% to A$2.670

** Stock set for its strongest session since March 3, if gains hold

** The tourism operator explores divestment options of Australian tourism assets to streamline business and reduce debt

** Says assets being considered for potential divestment generated over A$160 million ($100.54 million) in revenue in FY24

** KLS stock down 27.1% YTD, including current session's moves

($1 = 1.5913 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))