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* Ingenia 16 February 2021 ASX / MEDIA RELEASE Underlying profit up 24 % ; guidance reinstated Highlights • Revenue of $ 122 million , up 4 % on 1H20 • Record EBIT of $ 40.3 million , up 25 % on 1H20 • Record operating cash flow of $ 59.7 million , up 110 % on 1H20 • Underlying profit of $ 32.8 million , up 24 % on 1H20 Settled 136 new homes in the first half EBIT guidance of 15 % to 20 % growth for FY21 Ingenia Communities Group ( ASX : INA ) today announced Underlying Profit of $ 32.8 million for the half year ending 31 December 2020 , an increase of 24 % on the previous corresponding period . Statutory Profit of $ 32.5 million was up 38 % on the prior year . Group revenue was up 4 % to $ 122 million and EBIT was up 25 % to $ 40.3 million . Operating cash flow of $ 59.7 million was up 110 % on 1H20 , driven by increased holidays holdings and positive working capital cashflows associated with reduced inventory levels . Ingenia achieved 128 new home settlements in 1H21 which add approximately $ 1.1 million in rental income annually . Underlying EPS of 10.1 cents , which represents a 6 % decrease on 1H20 , was impacted by additional securities on issue as a result of the FY20 equity raisings completed by the Group . A half year distribution of 5.0 cents per stapled security has been declared and is expected to be paid on 25 March 2021 . Ingenia's CEO , Simon Owen , said the strong profit result was particularly pleasing as it demonstrated how well the Group had positioned itself to benefit from the opening up of key markets and the overall relaxing of COVID- 19 restrictions . " The core residential rental business demonstrated resilience , with no interruption to rent collection . Record occupancy across Ingenia Gardens and a growing rental base across the Group's lifestyle business bolstered the Group's stable cash flows . " Pleasingly Ingenia's Holidays business is experiencing strong demand and forward bookings are up 22 % for the remainder of this financial year , providing a positive outlook for holiday parks across our key markets of New South Wales , Queensland and Victoria . " Level 3 , 88 Cumberland Street The Rocks NSW 2000 , Australia P 1300 132 946 ingeniacommunities.com.au E investor@ingeniacommunities.com.au