Australia's Image Resources slumps most in nearly 2 years, trades ex-dividend

Image Resources NL

31/03/2022 05:16

** Mineral sands miner Image Resources NL  IMA.AX  falls as
much as 14.8% to A$0.23, their biggest intraday pct drop since
May 2020
    ** IMA last week http://www.imageres.com.au/images/joomd/164783313920220321AnnualFinancialReporttoshareholders.pdf
 posted annual profit from continuing operations of A$19.4 mln
($14.52 mln), down from A$24.8 mln last year, while revenue
jumped marginally to A$178.8 mln
    ** Also announced intention to pay franked dividend of
A$0.02 per share
    ** IMA has dividend yield of 10.58% - Refinitiv; dividend to
be paid on April 28
    ** IMA touches its lowest since Feb. 23; set to gain 22%
over the quarter - its second consecutive three months of gains
    ** IMA up 31.7% this year, as of last close


($1 = 1.3364 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))