IPH Ltd. (AU:IPH) has released an update.
IPH Ltd. has reported a robust financial performance for FY24, with a 15% increase in their Underlying EBITDA to $195.5 million, and a 14% rise in Underlying NPAT to $112.4 million, despite a slight decline in statutory NPAT. The growth was driven by a strong showing in the Australian/NZ and Canadian markets, alongside strategic acquisitions, and was further supported by a favorable AUD/USD exchange rate. The company also announced an increase in its annual dividend to 35 cents per share and successfully returned to its target gearing range ahead of schedule.
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