BUZZ-Australia's Ingenia Communities jumps on earnings forecast hike

Reuters

2025/01/14

** Shares of Ingenia Communities Group rise as much as 13.6% to A$5.135, posting their biggest intraday pct gain since late December 2011

** Stock hits its highest level since Nov. 28, 2024; top gainer on the benchmark S&P/ASX 200 index

** Resort operator sees FY25 EBIT in the range of A$162 mln to A$165 mln ($100.25 mln to $102.10 mln), up from earlier forecast of A$148 mln to A$155 mln

** CEO credits successful execution of plans simplifying operations, driving operational efficiency and improving returns, for the forecast hike

** Stock closed flat last year

($1 = 1.6160 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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