BUZZ-Australia's K&S Corp slips on HY profit guidance

Reuters
2024-11-26
BUZZ-Australia's K&S Corp slips on HY profit guidance

** Shares of K&S Corp KSC.AX fall 2% to A$3.49, set for its worst trading session since Oct. 24

** Logistics service provider sees HY underlying profit before tax of A$23 mln-A$24 mln ($14.91 mln-$15.56 mln) for FY 2025, below HY24 underlying PBT of A$24.4 mln

** More than 13,780 shares change hands, 3.3 times the 30-day avg

** Stock up 36.9% YTD, including current session's moves

($1 = 1.5425 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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