BUZZ-Australia's IPD Group rises on positive half-year results

Reuters
24 Feb
BUZZ-Australia's IPD Group rises on positive half-year results

** Shares of IPD Group IPG.AX rise 4.5% to A$4.41

** Stock up as much as 7.8% to A$4.55 earlier in the day, their largest intraday pct gain since late August 2024

** The electrical equipment distributor logs HY NPAT from ordinary activities A$13.3 million ($8.49 million) vs A$9.5 million last year

** Says co's core business benefited from growth in industries such as data centres and water & waste water, despite challenging market conditions

** More than 199,000 shares change hands vs 30-day avg volume of 119,000 shares

** Stock up 14.5% YTD, including current session's moves

($1 = 1.5674 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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