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Australia's Ingenia Communities hits 2-1/2-year high on upbeat results, forecast



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** Shares of Ingenia Communities INA.AX rise as much as 7.9% to A$5.480, their highest level since Feb. 22, 2022

** Property developer posts biggest intraday pct jump since Nov 11, 2022

** Co posts FY EBIT growth of 17%, beating its guidance of 10%-15% growth, while revenue rises 20%

** Posts underlying EPS of 23.3 Australian cents, higher than its guidance of 20.8 to 22.3 AU cents

** Declares final distribution of 6.1 AU cents per stapled security

** Co sees FY25 EPS of 24.4 to 25.6 AU cents and EBIT growth of 10% to 15%

** Stock up 14.2% YTD, as of last close



Reporting by John Biju in Bengaluru

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