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Kelly Partners Group Holdings Ltd. ( (AU:KPG) ) has shared an update.
Kelly Partners Group Holdings Limited has announced a strategic partnership by acquiring a 50.10% stake in an Australian business that offers outsourced services through its operations in the Philippines. This acquisition, which is expected to generate an annual revenue of $6.0m to $7.0m for the Group, reinforces the attractiveness of Kelly+Partners’ Partner-Owner-Driver® model, despite not being material to the company’s overall financials. The partnership is part of a series of acquisitions that have contributed to a projected annual run rate revenue of $160m for the Group, indicating significant growth and expansion in its service offerings.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$11.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.
More about Kelly Partners Group Holdings Ltd.
Kelly Partners Group Holdings Limited operates in the financial services industry, specializing in providing outsourced services such as administration assistants, bookkeepers, and accountants. The company focuses on leveraging its Partner-Owner-Driver® model to enhance its market presence and operational efficiency.
Average Trading Volume: 41,642
Technical Sentiment Signal: Buy
Current Market Cap: A$469.5M
See more insights into KPG stock on TipRanks’ Stock Analysis page.