IPH focuses on fattening margins at newly acquired AJ Park

Thu, 15 Feb 2018

By Paul McBeth Feb. 15 (BusinessDesk) - ASX-listed IPH wants to widen margins at recently acquired AJ Park, New Zealand's leading patent attorney firm, which contributed A$9 million in its first two months under new ownership. Sydney-based IPH bought AJ Park last year for $66.1 million, of which $36.2 million was paid in cash and the balance in shares. The New Zealand firm contributed A$9 million of revenue and A$46,000 of profit to IPH between Nov. 1 and Dec. 31, IPH's first-half accounts show. Had the deal occurred on July 1, AJ Park w...

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