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Imdex shares up on profit surge

Mineral exploration and mining technology company Imdex will pay out more than A$5 million of dividends, its first payments in five years, after increasing net profit 31% year-on-year to A$27.6 million on a 12% revenue uplift to $243.7 million for fiscal 2018-2019. Its shares (ASX: IMD) were up 7.9% today.

Imdex shares up on profit surge Imdex shares up on profit surge Imdex shares up on profit surge Imdex shares up on profit surge Imdex shares up on profit surge

Increasing drilling depths and complexity driving exploration companies to embrace new technology, says Imdex

One of the world's leading suppliers of mineral drilling down-hole and information management technologies, and drilling fluids, Imdex is seeing better profit margins on more technology-led instrument