IPD Group Reports Record Half-Year Revenues Amidst Construction Sector Challenges

IPD Group Ltd ( (AU:IPG) ) just unveiled an update.

IPD Group Limited reported record half-year revenues and earnings for the period ending December 31, 2024, with sales revenue of $176.9 million, marking a 46.6% increase from the previous corresponding period. Despite challenges in the commercial construction sector, IPD’s core business saw growth in data centers and water & wastewater industries, resulting in a 5.2% increase in gross revenues from the previous pro-forma period. However, CMI Operations experienced a decline in revenues due to the commercial construction slowdown. IPD’s strategic acquisitions and focus on operational efficiencies have contributed to a 19.4% rise in earnings per share, reflecting the company’s resilience and adaptability in a challenging market.

More about IPD Group Ltd

IPD Group Limited operates in the electrical engineering industry, providing a diverse range of products and services with a focus on data centers and water & wastewater industries. The company is also involved in the commercial construction sector through CMI Operations, which faces challenges due to macroeconomic conditions.

YTD Price Performance: 9.04%

Average Trading Volume: 337,892

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$437.6M

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