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IFM - Infomedia News Story

A$1.47 -0.1  -4.9%

Last Trade - 7:10am

Sector
Technology
Size
Small Cap
Market Cap £318.7m
Enterprise Value £267.9m
Revenue £51.9m
Position in Universe 385th / 1911

BUZZ-Australia's Infomedia hits over 1-1/2 yr high on robust HY results

Thu 27th February, 2020 4:44am
** Shares of Infomedia Ltd  IFM.AX  rise as much as 19.6% to
A$2.2, marking their biggest pct gain since Aug. 15, 2018
    ** Stock top percentage gainer on the ASX All Ordinaries
index  .AORD 
    ** The software as a service (SaaS) provider posts HY profit
attributable of A$9 million, up 23.6% from a year
ago urn:newsml:reuters.com:*:nASX7RlVhp
    ** Co cites growth in Asia Pacific, Europe, Middle East and
Africa as reasons for strong results in HY
    ** Co posts an 18.6% jump in revenue from ordinary
activities for HY to A$47.9 mln
    ** Co on track to deliver low doublt-digit growth in revenue
and earnings in FY20
    ** Says growth in Americas and execution and roll-out of
data opportunities may contribute potential upside to FY20
results
    ** Co declares an interim dividend of 2.15 Aussie cents per
share
    ** Stock hits highest levels since Nov. 8
    ** Over 1 mln shares change hands, compared with 30-day
average volume of about 501,000 shares
    ** Stock down about 12% this year, as of last close

 (Reporting by R.R.Deepti Sri in Bengaluru)
 ((Deepti.sri@thomsonreuters.com))
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