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

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

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

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

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