IGO Swings to Loss in Fiscal H1, Revenue Declines

MT Newswires Live
02-20

IGO (ASX:IGO) reported Thursday a loss per diluted share in the fiscal first half of AU$1.0328, compared with earnings of AU$0.3798 per diluted share a year earlier.

Analysts polled by FactSet expected a loss per share of AU$0.28.

Revenue from continuing operations for the six months to Dec. 31, 2024, was AU$284 million, down 35% from AU$438.2 million in the same period last year. Analysts surveyed by FactSet expected AU$275 million.

The board did not declare a dividend for the fiscal first half, compared with a payout of AU$0.11 per share in the previous reported period.

Price (AUD): $4.64, Change: $-0.050, Percent Change: -1.07%

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