Australia's Kelsian rises after strong performance and outlook in US ops

Kelsian

07/05/2025 04:58

** Shares of Kelsian KLS.AX rise as much as 16.5% to A$3.25, posting their biggest intraday pct gain since July 2022

** Stock hits its highest level since March 10

** Transport provider and tourism operator says U.S. charter operations saw strong utilisation in Q3 with no material impact to date from tariff changes

** Says ramp-up of U.S. industrial contracts are progressing well

** Posts 9M underlying EBITDA of A$210 mln ($136.08 mln)

** Stock pares YTD losses to 12.8%

($1 = 1.5432 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))