Australia's Imdex eyes best day in over 7 years on strong HY results

Imdex

18/02/2024 23:53

** Shares of Imdex  IMD.AX  rise as much as 19.6% to
A$1.920, set for best day since Aug 8, 2016, if gains hold      
    ** The mining technology co reports a half-year normalised
operating earnings of A$71.0 mln ($46.38 mln), up more than 13%
from pcp  
    ** Co declared an interim fully franked dividend of 1.5
Australian cents per share
    ** Stock hits highest level since Dec 28, 2023
    ** IMD stock down 14.9% YTD, as of last close

   ($1 = 1.5307 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))