With multiple growth projects in pipeline, IPD Group (ASX: IPG) expects FY24 EBIT to be around AUD 34mn

Wed 19 Jun 24, 05:55 AM | Team Kalkine

Image source: © Ipopba|Megapixl.com

Highlights

IPD Group Limited (ASX: IPG) is an Australia based automation and electrical distributor. Predominantly, the company is engaged in sales of electrical infrastructure products to system integrators, power utilities, switchboard manufacturers, contractors, electrical wholesalers and customers.

In the first half of the financial year 2024 (1HFY24), the company recorded 8.84% YoY increase in its revenue to AUD 120.70 million, 15.83% YoY rise in gross profit to AUD 48.30 million and 22.50% YoY growth in NPAT to AUD 9.80 million.

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