Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Can you please shed some light on the result of KLS which came out today? To me the result seems to be reasonably good but the share price dropped by 11%. How do you see the company prospect moving forward? With such a drop do you think it’s a good time to buy. Thanks Boon
Hi Boon,
Earlier in the week Kelsian (KLS), previously called Sealink, released its half-year results, they reported 1H net income of $28.1mn up 44% year on year but due to weaker margins, it only delivered a 20.4% lift in underlying NPATA to $43.1 million. As you say arguably a not bad enough result to justify the initial aggressive drop by the share price and yesterday it rallied the most in 3-months on quadruple its average daily volume.
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