Australia's IVE Group jumps most in over 6 months after bumper profit

Ive

24/02/2025 24:25

** Shares of IVE Group  IGL.AX  rise as much as 4.6% to
A$2.33, their highest level since September 2
    ** Shares of co set for their biggest intraday drop since
August 7
    ** The marketing co has posted a 108% increase in its
half-year net profit attributable, posting a bottom-line of
A$27.1 million ($17.26 million)
    ** 109,138 shares change hands, vs the 30-day average of
111,423
    ** YTD, stock up 8.6%


($1 = 1.5701 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))