Australia's IPH Ltd jumps most in 1 year on strong interim results

IPH

17/02/2022 24:38

** Shares of IPH Ltd  IPH.AX  surge as much as 10.4% to
A$9.13, their biggest intraday pct gain since Feb 18, 2021
    ** The intellectual property services provider says
underlying net profit after tax rose 15% from a year earlier to
A$43.2 mln ($31.10 mln)
    ** Adds HY revenue rose 6.5% to A$191.5 mln from a year
earlier 
    ** IPH top pct gainer in the benchmark index  .AXJO  
    ** Stock notches highest level since Nov 25, 2021
    ** Stock down 5.8% this year, as of last close
    
     ($1 = 1.3889 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))