Earnings reports: Lendlease, Medibank, IAG, Santos, Woodside & Bellamy's
Lendlease (LLC) posted FY NPAT of $698.2m up 13%, helped by higher residential settlements and pre-sales boosted by high demand for residential and commercial properties in South Eastern Australia: Medibank Private (MPL) has posted a slightly above consensus 46.4% lift in FY earnings to $417.6m: Insurance Australia Group (IAG) posted a 14.1% slump in full year profit to $625mn, below the markets expectations, as a consequence of the growing challenges faced in its AU and NZ markets: Santos Limited (STO), posted a better than expected first half net loss of US$1.104 billion. The loss was expected as the company had updated the market on its asset valuation outcomes: Woodside Petroleum (WPL), has posted a better than expected half-year net profit of $340m: Bellamy’s Australia (BAL), has reported a near doubling in revenues over the past twelve months driven by soaring Chinese demand for its products. Full year NPAT was ahead of expectations, more than quadrupling in the last year to $38.3mn For more Reporting Season coverage, visit (VIEW LINK)
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