Australia's IVE Group hits 2-week high on upbeat FY22 outlook

Ive

22/06/2022 01:42

** Shares of marketing firm IVE Group  IGL.AX  jump as much
as 6.9% to A$1.705, their highest since June 8
    ** Co expects its full-year revenue to be about A$750 mln
($521.33 mln), 14% higher over previous year  urn:newsml:reuters.com:*:nASM000GG2
    ** Says underlying net profit after tax (NPAT) is expected
to be A$33 mln, to deliver earnings per share uplift of 70% over
FY21 underlying full-year NPAT 
    ** Stock down 8.3% this year, as of last close, vs a 12.1%
decrease in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4386 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))