Australia's Imdex rises to near 3-year high; Citi says HY results 'resilient'

Imdex

12/02/2025 24:49

** Shares of mining technology co Imdex  IMD.AX  rise as
much as 7.9% to A$2.860, their highest since March 25, 2022
    ** Co posts HY normalised EBITDA A$64 million ($40.27
million), 1% ahead of consensus estimates
    ** Declares interim dividend of 1.5 Australian cents per
share
    ** "We expect shares to trend up as the result has once
again illustrated IMD's resilience despite decline of global
exploration drilling activity levels in CY24," Citi says
    ** Trading volumes 1.5 times the 30-day average of 608,873
shares
    ** Stock up 22.8% YTD, including day's moves

   ($1 = 1.5893 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))