Business
Why the Imdex (ASX:IMD) share price is leaping 9% today
Imdex Limited (ASX: IMD) shares are leaping higher in early morning trade after the mining technology company released its results for the first half of the 2021 financial year (H1 FY21). At the time of writing, the Imdex share price has jumped 8.7% to $1.87.
What did Imdex report?
The Imdex share price is on the move after the company revealed this morning it will maintain its dividend despite a drop in revenue from the previous corresponding period.
Imdex reported revenue of $124.3 million for H1 FY21. That was 3% lower than the $127.7 million revenue figure for H1 FY20.
Earnings per share (EPS) of 3.42 cents also slid, down 28%. Net profit after taxes (NPAT) was $13.5 million, down 26% from the $18.2 million reported in the…
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