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Ingenia Announces Underlying Profit up 20% with Continued Growth of Rental Base and New Home Settlements

Highlights

• Revenue up 21% on 1H18, to $93.4 million

• EBIT of $22.9 million, up 19% on 1H18

• Underlying profit of $17.5 million, up 20% on 1H18

• Underlying earnings per security (EPS) up 14% on 1H18 (8.1c 1H19 vs 7.1c 1H18)

• On track to deliver FY19 earnings guidance and target of 350+ settlements

• JV with Sun Communities (NYSE:SUI) tracking ahead of plan

Ingenia Communities (ASX:INA) today announced Underlying Profit of $17.5 million for the half year ended 31 December 2018, an increase of 20% over the previous corresponding period.


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