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IVE Group’s Profit Surges by 108% Amid Steady Revenue Growth

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IVE Group’s Profit Surges by 108% Amid Steady Revenue Growth

The latest update is out from IVE Group Ltd. ( (AU:IGL) ).

IVE Group Ltd. reported a modest increase in revenue by 0.5% for the half-year ended 31 December 2024, totaling $510.2 million. However, the company’s net profit saw a significant growth of 108% compared to the previous year, reaching $27.1 million. This remarkable rise in profit may enhance the company’s market positioning and stakeholder confidence, despite the stable interim dividend of 9.5 cents per share.

More about IVE Group Ltd.

YTD Price Performance: 4.76%

Average Trading Volume: 170,176

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$340.8M

Learn more about IGL stock on TipRanks’ Stock Analysis page.

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