Australia tourism services firm Kelsian jumps 10% on profit, outlook beat

Kelsian

28/08/2024 02:32

** Shares of Australian tourism services firm Kelsian Group
 KLS.AX  rise as much as 10.6% to A$4.390, their biggest
intraday pct jump since July 21, 2022
    ** KLS stock among the top gainers in the ASX 200 benchmark
index  .AXJO , which is trading 0.5% lower
    ** Co logs FY24 underlying post-tax profit of A$58.5 mln
($39.71 mln), up ~18% from a year earlier 
    ** Underlying post-tax profit before amortisation of A$92.6
mln beat Visible Alpha consensus of A$85.8 mln
    ** Expects FY25 underlying EBITDA between A$283-295 mln, vs
VA consensus of A$289 mln
    ** KLS stock down 43.3% so far this year, as of last close

   ($1 = 1.4732 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))