Australia's IPH jumps on upbeat half-year update

IPH

16/02/2023 03:28

** Shares of IPH Ltd  IPH.AX  jump as much as 4.4% to
A$8.750, their highest level since Jan 3
    ** Intellectual property services provider reports 16% rise
in HY profit attributable to A$28.5 million ($19.7 million) 
    ** Declares interim dividend of 15.5 AU cents per share
    ** Reports 20% increase in HY revenue from ordinary
activities to A$223.9 million 
    ** Shares post their biggest intraday pct jump since Jan 25
    ** Stock has fallen 4% this year, as of last close
($1 = 1.4478 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))