Kelsian Group Rebounds After Significant Sell-Off

Aug 28, 2024

Kelsian Group Limited (ASX: KLS) witnessed a recovery in its shares following a steep 20% sell-off earlier in the week. The company's full-year report revealed a revenue increase of 42.2% to over AU$2 billion for the year ending June, largely due to the acquisition of All Aboard America! Holdings. Profits surged by 176.2% to AU$58.0 million. The earlier decline in share price was triggered by the announcement of a AU$185 million expenditure plan to upgrade its bus and ferry fleet.

 

 

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