Australia's Kelsian Group set for worst day in over 5 mths on weak FY profit

Kelsian

30/08/2023 05:53

** Shares of transport provider Kelsian Group  KLS.AX  fall
as much as 6.6% to A$6.190 - their lowest since May 10
    ** Stock last down 4.4%, set for worst day since March 17,
if losses hold
    ** Co posts FY statutory NPAT of A$21 mln ($13.59 mln) vs
A$52.9 mln last year
    ** Says, statutory result impacted by due diligence,
advisory and settlement costs associated with acquisitions
during FY
    ** Posts 9.3% growth in FY revenue; declares final dividend
of 9.5 Australian cents per share
    ** As of last close, stock up 16.9% this year


($1 = 1.5454 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))