Earnings reports: South32, Woolworths, Amcor & Flight Centre

CommSec

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South32 Limited (S32) reported underlying earnings of US$138 million, better than the market had expected. But it posted a statutory loss of US$1.6 billion for the 2016 financial year: Australia’s largest travel agent, Flight Centre (FLT) posted a slightly weaker than expected net profit of $244.6 million, down 4.7% over the last financial year: Woolworths (WOW) posted a slightly worse than consensus $1.2bn loss for the year to June 2016. The result was driven by write-downs and costs associated with its Home Improvement business, which wiped out ~$3bn in earnings and it is in the process of exiting: Global packaging company, Amcor’s (AMC) full year result was hampered by adverse currency movements and a write-down of the value in its Venezuelan operations: For more Reporting Season coverage, please visit (VIEW LINK)


CommSec
CommSec
Online Stockbroker
Online Stockbroker

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