ASX-listed Kleos Space SA slumps as HY loss widens

Kleos Space SA

01/09/2021 04:47

** Shares of ASX-listed Kleos Space SA drop as much as 5.1%
to A$0.93 after co's losses widen
    ** Space engineering and intelligence co reports HY loss
after income tax of 4.5 million euros ($5.31 million), compared
with a loss of 2.2 mln euros a year ago  urn:newsml:reuters.com:*:nASX8s1Fkh 
    ** Luxembourg-based co says COVID-19 caused significant
delay in the launch of the co's first satellite, delaying
generation of revenue
    ** Expects to start generating revenues in Q3 2021 as co's
first cluster of satellites began operating in July 
    ** Stock posts biggest intra-day percentage fall since Aug.
20 
    ** About 515,000 shares have changed hands, compared with
the 30-day average of about 106,000 shares 
    ** Stock up 88% so far this year, as of Tuesday's close 
    

($1 = 0.8471 euros)

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