profit

Harvey Norman Full Year Result: HVN lifts profits but disappoints with cut to dividend

CommSec

 Specialty retailer, Harvey Norman (HVN) posted a record and above consensus 28% lift in annual profit to $449m. The result was driven by demand for furniture thanks to record low interest rates, a strong Australian property market, and favourable property revaluations. and was boosted by the collapse of Dick... Show More

retail amazon profit harvey norman ASX:HVN August 2017 Reporting Season

Ramsay Health Care Full Year Result: RHC posts solid result but FY18 forecast underwhelmed

CommSec

Ramsay Health Care (RHC) has reported a 12.7% lift in Core Net Profit after Tax of $542.7 million, while posting a weaker than expected $488.9 million full-year net profit for the 2017 financial year. Show More

earnings health profit ASX:RHC Ramsay Health Care Juliana Roadley

BHP Full Year Result: Profit back in the black as BHP tables its shale sale

CommSec

 The world’s largest mining company, BHP Billiton’s (BHP) full year numbers were a vast improvement on this time last year as the rebuilding phase nears completion. That being said, BHP’s underlying profit was below market expectations even with a massive 454% lift on last year. Show More

earnings profit ASX:BHP August 2017 Reporting Season BHP Limited

QBE Insurance Half Year Result: QBE profit jumps but emerging markets underperform

CommSec

QBE reported a statutory net profit after tax of US$345 million, an increase of 30% from US$265 million in the previous corresponding period (pcp). Cash profit after tax, also rose by 30% to US$374 million from $287 million in the pcp. Adjusted net profit after tax increased by 76% to... Show More

profit tom piotrowski ASX:QBE QBE Insurance August 2017 Reporting Season

Cochlear Full Year Result: COH expects positive momentum to continue into 2018

CommSec

 COH’s total sales revenue increased by 12% in constant currency (CC) to $1,239.7 million in 2017, while total expenses rose by 10% in CC to $942.7 million. As a result EBIT rose 15% in CC to $315.6 million. The net profit result includes $20.0 million of currency translation impacts... Show More

Telstra Full Year Result: The expected cut to TLS’s future dividends is now a reality

CommSec

 Australia’s largest listed telco, Telstra (TLS) reported a softer than expected set of full year numbers and also advised the market it would be cutting its dividend payout ratio in the future. Revenue for the year fell 2.7%, total income also fell by 4.9% and its mobile revenue decreased... Show More

Tatts Group Full Year Result: TTS profits held back by merger costs & drop in jackpots

CommSec

Gaming group, Tatts (TTS) posted a weaker than expected $220.5m net profit for the 12 months to 30 June 2017. The near 6% slide in earnings was driven by merger costs, fewer jackpots and bad weather which hurt its wagering business. Show More

Westfield Half Year Result: WFD turns focus to flagship stores & technology to grow profits

CommSec

After spinning off its Australian and New Zealand management businesses into a separate organisation (Scentre Group), Westfield Corporation is now primarily focussed on operating and building shopping malls in the US and the UK. The group reported a net profit of US$588.9 million in the first half year, an increase... Show More

Woodside Petroleum Half Year Result: WPL lift in profit & lower costs help to boost dividend

CommSec

West Australian based energy firm, Woodside Petroleum’s (WPL) half year results were largely in line with expectations. Investors were happy to see the first half dividend coming in higher than expected. Show More

Origin Energy Full Year Result: ORG records $2.2b loss but underlying results tick the boxes

CommSec

Origin Energy has reported a full year loss of $2,226 million in 2017. The main feature of the result was the impairment charge of more than $3 billion against the carry value of its assets reflecting weaker energy prices. Show More

earnings profit origin energy ASX:ORG August 2017 Reporting Season

CSL Full Year Result: Bumper 2017 result but 2018 forecast underwhelms investors

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JB Hi-Fi Full Year Result: JBH profits lift on Dick Smith collapse & The Good Guys purchase

CommSec

JB Hi-Fi (JBH) posted a better than expected 36.5% lift in underlying profit for the 12 months to June 2017 to $207.7m. The result - which was slightly above the discount retailer’s own guidance - was boosted by the collapse of Dick Smith (reduced competition) and the near $900m purchase... Show More

Newcrest Mining Full Year Result: NCM underlying profit misses expectations

CommSec

Australia’s largest listed gold producer, Newcrest Mining Limited (NCM) posted a slightly weaker than expected full year underlying profit result. Net profit fell 7% to US$308 million. Underlying profit did increase by 22% boosted by an average lift in US$ per ounce of gold. The lift in price was offset... Show More

Ansell Full Year Result: ANN profit misses consensus forecasts

CommSec

2017 will be the last full year period in which Ansell’s (AAN) Sexual Wellness unit will make a financial contribution to its bottom line. The previously announced sale of the Sexual Wellness business for $600 million, has meant the result comprised of figures for discontinued and continuing operations. The sale... Show More

AMP Half Year Result: AMP headline profit falls but underlying result meets expectations

CommSec

AMP has reported a 15% drop in first-half net profit to $445 million from $523 million a year earlier. In underlying terms - a measure which removes the impact of one off events and focusses on the underlying performance of the business - profit rose by 4% to $533 million,... Show More

earnings profit ASX:AMP AMP Tom Piotrowksi

AGL Energy Full Year Result: Higher electricity prices & demand boosts AGL’s result 

CommSec

AGL Energy has posted a better than expected full year underlying profit of $802m - a 14.4% increase on the prior year. The result was boosted by solid demand, better base prices for wholesale electricity & higher margins. Show More

Transurban Full Year Result: TCL profits driven higher by lift in toll road traffic

CommSec

Toll road operator, Transurban (TCL) posted a mixed set of numbers for the year to 30 Jun 2017. A strong gain in traffic across most of its major toll roads (Sydney, Brisbane and the Greater Washington Area) helped lift revenue above forecasts. While underlying profits also beat forecasts, net profit... Show More

Investor Snapshot: NAB HY result in line with analyst expectations 

CommSec

The National Australia Bank has reported a 2.3% rise in first-half cash profit to $3.29 billion and held its interim dividend at $0.99 per share. Show More

Investor Snapshot: ANZ HY result slightly misses forecasts

CommSec

ANZ has unveiled a first-half cash profit of about $3.4 billion, just below analyst expectations of a $3.5 billion profit. Show More

financials profit ASX:ANZ anz Juliana Roadley ANZ Bank

Aristocrat upgrades profit growth

Andrew Stanley

Shares of gaming company, Aristocrat Leisure (ASX:ALL), rallied after management upgraded profit growth for the coming year to between 20-30% at the AGM in late February. Show More