UK's Kinovo rises on near $15 mln contract with Hyde Group
22/02/2023 14:02
** Shares of specialist property services provider Kinovo
Plc KINO.L up as much as 9.6% at 38.9p
** Co wins 12 mln pounds ($14.5 mln) contract over five
years with UK-based housing provider Hyde Group urn:newsml:reuters.com:*:nTUC3W7HFM
** KINO stock hits highest level since Oct 2022
** Adds that contract comprises electrical testing and
associated works for both Hyde's domestic and communal
properties
** The Hyde contract win represents an extremely exciting
opportunity for Kinovo, further contributing to our visible
revenues and creating the potential for a number of additional
projects - KINO's CEO David Bullen
** Kinovo says it has also been awarded first position on
Hyde Framework Agreement, providing ability to undertake
additional domestic and communal electrical testing across all
its geographical areas of operation
** Including session gains, stock up ~20% YTD
($1 = 0.8267 pounds)
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))