Ingenia Communities Reports Strong Growth

Ingenia Communities Group (AU:INA) has released an update.

Ingenia Communities Group has reported a robust financial year, with revenue climbing 20% to $472.3 million and underlying profit up by 14% to $94.8 million, despite a statutory profit drop due to a goodwill impairment. The company exceeded its earnings guidance, with EBIT rising 17% and underlying EPS increasing to 23.3 cents. Additionally, the company saw a 24% increase in new home settlements and declared a final distribution of 6.1 cents per security, marking a successful year with a strong foundation for future growth.

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