Australia's Ive group hits over 1-week high on upbeat forecast

Ive

25/08/2022 06:56

** Shares of marketing company Ive Group Ltd  IGL.AX  rise
as much as 6.4% to A$2.32, their highest since Aug 10
    ** Co expects underlying EBITDA of A$105 mln ($73 mln),
excluding investments to upgrade digital platform Lasoo for FY23
    ** Expects underlying NPAT of A$36m, excluding investments
for Lasoo 
    ** Co posts net profit attributable of A$26.9 mln, down 7%
year-on-year 
    ** Shares up 25.3% YTD, as of last close

     ($1 = 1.4384 Australian dollars)

 (Reporting by John Biju)
 ((John.Biju@thomsonreuters.com;))