Patent and trademark lawyer IPH is eyeing further international acquisitions as the $1.8 billion intellectual property group said its earnings were bolstered by improving profitability at companies it has bought and increasing referrals from clients.
Chief executive Andrew Blattman described the increasing referrals as a promising “network effect” that he expected to grow, noting referrals in Asia were up 25 per cent.
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
