BUZZ-Australia's Kelsian soars after divestment, forecast upgrade
Reuters
2 hours ago
BUZZ-Australia's Kelsian soars after divestment, forecast upgrade
** Shares of Kelsian Group KLS.AX soar as much as 13.7% to A$4.4, their highest level since Jan 12** Shares post biggest intraday pct gain since late August 2025** Co divests tourism portfolio to Journey Beyond for total cash consideration of A$161 million ($113.65 million) on a cash and debt-free basis**Upgrades FY26 underlying EBITDA guidance to between A$303 million and A$312 million, compared to last range of A$297 million to A$310 million** KLS shares down 1.3% YTD
($1 = 1.4166 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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