Australia's Kip McGrath Education rises on higher forecast earnings

Kip McGrath Education Centres

22/06/2022 03:48

** Shares of tutoring services provider Kip McGrath
Education Centres  KME.AX  rise as much as 4.5% to A$0.92, their
biggest intraday percentage gain since June 1
    ** Co says it expects EBITDA for this financial year to be
between A$5.8 mln ($4.02 mln) and A$6.2 mln, compared with A$5.1
mln last year  urn:newsml:reuters.com:*:nASX80lRZr 
    ** Sees FY22 revenue to be between A$24 mln and A$24.4 mln,
up from A$19.3 mln a year ago 
    ** Attributes expected revenue growth to demand for its
services in the United States and the UK, while demand was
steady in Australasia 
    ** Stock down 15.4% YTD, as of last close 

    ($1 = 1.4420 Australian dollars)
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))