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

Reuters

2025/06/24

** 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))

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