IPD Group Ltd (AU:IPG) has released an update.
IPD Group Ltd reported a robust financial performance for FY24, with a 28% increase in revenue to $290.4 million and a 44.7% surge in underlying net profit after tax (NPAT) to $23.3 million, both exceeding the upper end of their guidance range. By successfully integrating acquisitions of EX Engineering and CMI Operations, IPD strengthened its product offerings and market reach, contributing to improved operational efficiency and higher profit margins. Despite the costs associated with these strategic acquisitions, the company’s financial health remains strong, evidenced by a solid balance sheet and increased dividends.
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