Australia's IVE Group set for best day in over 1 year on upgraded FY24 outlook

Ive

26/02/2024 01:37

** Shares of IVE Group  IGL.AX  rise as much as 7.4% to
A$2.330, set to gain most since Nov 8, 2022, if trend holds
    ** The marketing co posts HY results with revenue of A$507.6
million ($332.53 million), up 0.7% y-o-y
    ** Co upgrades its FY24 EBITDA outlook to A$127 mln - A$132
mln from a range of A$122 mln - A$127 mln
    ** Co declares interim dividend of 9.5 AU cents per security
    ** Stock hits its highest level since Aug 23
    ** Stock up 8.5% this year, as of last close
    
    ($1 = 1.5265 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))