Kelsian Group hits near 6-month high on securing new order

Kelsian

20/02/2023 04:27

** Shares of Kelsian Group Ltd  KLS.AX  jump as much as 5.8%
to A$6.540, their highest level since Aug. 24, 2022
    ** The transit operator says its unit has been awarded New
Sydney Bus Services Contract by Transport for NSW (New South
Wales)
    ** Contract for combined operation and maintenance of about
230 buses located at three depots and will be staffed by about
400 employees
    ** Says new contract secures more than A$500 million
($344.45 million) of contracted revenue over the contract term
to June 2031
    ** Shares post their highest intraday pct gain since Oct.
31, 2022
    ** Shares on track for sixth consecutive gains session
    ** Stock has risen 7.5% this year, as of last close
($1 = 1.4516 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))