The latest update is out from Ingenia Communities Group ( (AU:INA) ).
Ingenia Communities Group reported a strong performance for the first half of FY25, with a significant increase in revenue and profit metrics. The company achieved a 21% rise in revenue to $256.9 million and a 48% increase in EBIT to $86.2 million. The statutory profit soared by 106% to $87.6 million, driven by accelerated development activities and an increase in home settlements. The company settled 258 new homes, a 47% increase from the previous year, and maintained high occupancy rates across its residential and holiday communities. Ingenia’s strategic focus on development growth and operational efficiency has led to an upgraded guidance, reflecting improved financial returns and a robust pipeline of development sites.
More about Ingenia Communities Group
Ingenia Communities Group is a company operating in the real estate industry, focusing on lifestyle rental and holiday accommodations. They are involved in the development and management of residential communities, catering primarily to the downsizer market and broader affordable housing needs.
YTD Price Performance: 22.93%
Average Trading Volume: 767,329
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.29B
For detailed information about INA stock, go to TipRanks’ Stock Analysis page.