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IPH Ltd. ( (AU:IPH) ) just unveiled an update.
IPH Limited reported a 20% increase in Group Underlying Net Profit After Tax (NPAT) to $61.0 million for the half year ending December 31, 2024, driven by organic growth in Australia and New Zealand, as well as recovery in Asia with a 10% increase in patent filings. The company also saw a 78% rise in statutory NPAT to $37.3 million, reflecting reduced non-underlying costs and contributions from recent acquisitions in Canada. IPH’s capital management strategies included a successful capital raising of $125 million to fund acquisitions and an on-market share buyback, illustrating a focus on maintaining balance sheet flexibility and returning excess cash to shareholders.
More about IPH Ltd.
IPH Limited is a leading international intellectual property services group operating in the IP industry. The company focuses on providing a range of services related to intellectual property, with a market presence in regions including Australia, New Zealand, Asia, and Canada.
YTD Price Performance: -5.96%
Average Trading Volume: 835,749
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.29B
Find detailed analytics on IPH stock on TipRanks’ Stock Analysis page.
