Australia's Ingenia Communities rises on upbeat results

Ingenia Communities

25/02/2025 01:13

** Shares of Ingenia Communities Group  INA.AX  rise as much
as 3.4% to A$5.820, their highest since February 19
    ** Resort operator posts HY underlying profit of A$68.8
million ($43.63 million) vs A$43.5 million last year
    ** We expect the stock to move higher through the day given
the potential conservatism around 2H25 guidance — analysts at
Citi 
    ** Stock posts biggest intraday pct gain since February 6
    ** Stock up 26.6% YTD, including session's moves 


($1 = 1.5770 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com))