UK's Kinovo jumps on upbeat FY24 profit expectations
02/05/2024 09:20
** Shares of Kinovo Plc KINO.L jump as much as 21% to
49.6p
** Stock set to post best day since Aug 2022, if trend holds
** British specialist property services group sees FY24
profit to be ahead of prior expectations
** Co sees FY adjusted core profit for continuing business
of 6.7 mln pounds ($8.4 mln), 23% ahead of previous year and
also better than prior management expectations of 6.2 mln pounds
** Stock at session high as of 0815 GMT, cutting YTD losses
to ~13%
($1 = 0.7987 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))