BUZZ-Australia's Ingenia Communities rises on upbeat results

Reuters
02-25
BUZZ-Australia's Ingenia Communities rises on upbeat results

** Shares of Ingenia Communities Group INA.AX rise as much as 3.4% to A$5.820, their highest since February 19

** Resort operator posts HY underlying profit of A$68.8 million ($43.63 million) vs A$43.5 million last year

** We expect the stock to move higher through the day given the potential conservatism around 2H25 guidance — analysts at Citi

** Stock posts biggest intraday pct gain since February 6

** Stock up 26.6% YTD, including session's moves

($1 = 1.5770 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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