Australia's Kip McGrath rises on exiting its underperforming US business

Kip McGrath Education Centres

24/06/2025 03:32

** Shares of Kip McGrath Education Centres Ltd KME.AX up rise as much as 22.6% to A$0.515, their highest level since late February

**   The after-school tuition services provider says it will cease funding for and exit from its loss-making U.S. business

** Stock set for strongest intraday session since August 21, 2024, if gains hold

** Stock last up 19%, bringing YTD gains to 3.3%

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))