ILU –2.56%: Released FY24 results today (December year-end) with their financial metrics coming in slightly ahead of expectations, though it’s the demand outlook that really matters here, and there was nothing new on that front;
- Underlying earnings (Ebitda) of $498.8 million, down -18% yoy but ahead of consensus of $487.2 million
- Net income $231.3 million down -32% yoy
- Final dividend per share $0.04
Not a lot of new news today from ILU and the share price drifted lower – a better result than some!
MM remains cautiously bullish ILU
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