Why is the Kelsian share price crashing 26% today?
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The Kelsian Group Ltd (ASX: KLS) share price is having a terrible start to the week.
In morning trade, the travel and transport company’s shares dropped as much as 26% to a 52-week low of $3.71.
Why is the Kelsian share price crashing into the rocks?
Investors have been hitting the sell button today after the SeaLink owner released an update on its expectations for FY 2024.
Interestingly, the company is expecting to report a result that exceeds analyst forecasts. Its indicative unaudited results are as follows:
- Revenue up 42.2% to $2,016.8 million
- Underlying EBITDA up 63.9% to $265.4 million
- Underlying net profit after tax before amortisation up 32.3% to $92.6 million
- Statutory net profit after tax up 176.2%…
