Kelsian Jumps, Australian Vintage Rises, Papyrus Falls

0:00Hey, it's Corey, with Adelaide News today, your city, your news, every day. Kelsian shares jumped 15.86% last week after the travel company agreed to sell parts of its ceiling tourism business too. Journey beyond for $161 million. The deal hands over the Adelaide sightseeing operations, which run bus tours to spots like the Barossa Valley, Hondorf, Victor Harbor, and Kangaroo, Ireland. Kelsian is keeping his popular ceiling ferry service to Kangaroo, Ireland. The company also posted a record half-year profit of $32.4 million, boosting investor confidence in this top-south Australian firm. Meanwhile, Australian vintage had a rare bright spot, with shares rising after a tough stretch. The wine producer is still down 37.33% from a year ago, and it made no big announcements during the week. Not the Australia's top loser was Papyrus, which reported a half-year loss of $839,554.

1:02Investors reacted poorly to the results from the small-cap company. Markets overall had a bumpy but upbeat February, with the ASX-20 index climbing 7.5%. Global earning surprises pushed Europe, Asia, and Australia to new highs for the week-ending February 27th. Appreciation to our sponsor for backing this episode. A pillow that plays your sound quietly, comfortably, effortlessly, built for nighttime listening, and so L.I. S-O-L-I-SOL-PILLOW.com.