Australia's Kip McGrath Education Centres tumbles on weak FY26 earnings outlook
22/06/2026 04:27
BUZZ-Australia's Kip McGrath Education Centres tumbles on weak FY26 earnings outlook ** Shares of Australia's Kip McGrath Education Centres KME.AX fall as much as 22.6% to A$0.41, post their biggest intraday pct drop since February 21, 2024
** Stock touches lowest level since June 23, 2025
** After-school tuition services provider says revenue performance softer in 2H26 than expected
** Co now expects FY26 underlying net profit after tax to fall in low-double digit, compared with earlier estimate of early-double digit increase
** YTD, stock down 27.4%, including day's moves
(Reporting by Aamir Sheik Khalid in Bengaluru)
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