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Articles from: CSL shares lower but not for long to Medical breakthrough underpins this stock's value

CSL shares lower but not for long

Author: Nicki Bourlioufas
Date: 17 Aug 2016

Shares in Australian biopharmaceutical company CSL Limited (ASX: CSL) have dropped after the company posted a 10 per cent fall in full-year net profit to US$1.24 billion ($1.6 billion), dragged down by the company's purchase of the loss-making influenza vaccine business Novartis

Wesfarmers' underlying earnings fall 3.6pc

Author: Nicholas Grove
Date: 24 Aug 2016

Wesfarmers' (ASX: WES) net profit for fiscal 2016 fell 83 per cent to $407 million after the diversified conglomerate made over $2 billion in non-cash write-downs of its Target retail business and Curragh coal mine, while also booking $145 million in costs as part of its restructuring of Target

Brambles' profit meets guidance, CEO retires

Author: Nicholas Grove
Date: 18 Aug 2016

Brambles Limited (ASX: BXB) on Thursday announced an underlying profit of US$623.1 million for fiscal 2016, up 8 per cent on the prior year in constant currency terms, and underlying earnings per share (EPS) of 39.5 US cents, up 7 per cent

JB Hi-Fi's profit, dividend beats forecast

Author: Nicholas Grove
Date: 15 Aug 2016

Retailer JB Hi-Fi Limited (ASX: JBH) on Monday announced a fiscal 2016 net profit of $152.2 million and earnings per share (EPS) of 153.8 cents a share, up 11.5 per cent on the previous year and ahead of Morningstar's expectations for a profit of $145 million and EPS of 144.9 cents a share

InvoCare posts 45.8pc rise in 1H profit

Author: Nicholas Grove
Date: 16 Aug 2016

InvoCare Limited (ASX: IVC) on Tuesday announced a 45.8 per cent rise in comparable net profit to $30 million for the half year to 30 June, after the funeral, cemetery and crematorium operator's cost management offset a lower-than-expected number of deaths

Slowing profit growth but renewed retail vigour for Magellan

Author: Glenn Freeman
Date: 11 Aug 2016

Global fund manager Magellan Financial Group (ASX: MFG) on Thursday announced $198.4 million in net profits after tax for fiscal 2016, up 14 per cent on fiscal 2015

OZ Minerals posts positive yet underwhelming result

Author: Glenn Freeman
Date: 10 Aug 2016

Australian copper and gold miner OZ Minerals (ASX: OZL) on Wednesday reported $55 million in first-half fiscal 2016 profits, adjusted for one-off items relating to legal proceedings brought against it by former Zinifex shareholders, up from $52 million reported in the same period in 2015.

Suncorp's profit hit by storms, banking bounces

Author: Nicki Bourlioufas
Date: 05 Aug 2016

Overall, cash profit was down 8.6 per cent from a year earlier

Bank of England deploys aggressive policy arsenal

Author: Mike Amey
Date: 05 Aug 2016

With its first policy move in four years and first interest-rate move in seven years, the Bank of England's Monetary Policy Committee has very much embraced the view that if you decide to ease, then be aggressive

ASX delivers strong growth to investors

Author: Nicki Bourlioufas
Date: 18 Aug 2016

Stock market operator ASX Limited (ASX: ASX) on Thursday said its net profit after tax lifted 7.1 per cent to $426.2 million for fiscal 2016, with the surprise Brexit vote helping to boost trading volumes

Newcrest rewards shareholders

Author: Anthony Fensom
Date: 15 Aug 2016

The Melbourne-based company posted a 12 per cent drop in net profit to US$332 million for fiscal 2016, with its underlying profit down 24 per cent to US$323 million due to lower realised gold and copper prices, offset by reduced operating expenses due to its recent switch to US dollar reporting

Why you shouldn't ignore key reversals

Author: Lesley Beath
Date: 08 Aug 2016

The Australian share market hit a brick wall last week, as it tested significant resistance

How managed funds can smooth your SMSF risk exposure

Author: Glenn Freeman
Date: 29 Jul 2016

"If you look at SMSFs, most of them over the last few years have underperformed--when you look at the risk and return, these SMSFs have got almost double the risk of a diversified growth managed fund," says Robin Bowerman, head of market strategy and communications, Vanguard Australia

3 questions asked when setting up an SMSF corporate trustee

Author: Peter Townsend
Date: 11 Jul 2016

There is no obligation on a company to appoint a company secretary

Sonic booms offshore while Australia remains subdued

Author: Glenn Freeman
Date: 17 Aug 2016

Revenue grew to $5.05 billion, 20 per cent up on fiscal 2015's $4.2 billion result, and a dividend (30 per cent franked) of 74 cents a share was announced

Development sales lead a Lend Lease 13pc earnings bump

Author: Glenn Freeman
Date: 19 Aug 2016

Lend Lease (ASX: LLC) on Friday announced $698.2 million in profit after tax for fiscal 2016, up 13 per cent from $618 million in the previous year

Transurban continues distribution growth trend

Author: Glenn Freeman
Date: 09 Aug 2016

Roads infrastructure company Transurban Group (ASX: TCL) on Tuesday announced a distribution of 23 cents a share for the second half of fiscal 2016, including a 3.5-cent a share fully franked component

Origin Energy scraps dividend after earnings fall on oil price slump

Author: Nicholas Grove
Date: 18 Aug 2016

Origin Energy (ASX: ORG) on Thursday announced an underlying profit from continuing operations of $354 million for fiscal 2016, down 41 per cent on the previous year and below Morningstar's expectations for a profit of $364 million

Troubled times for super

Author: Anthony Fensom
Date: 01 Aug 2016

What might investors expect? Firstly, a look at what Treasurer Scott Morrison proposed in his pre-election budget:

Stockland hands down solid FY16 result

Author: Glenn Freeman
Date: 17 Aug 2016

Property conglomerate Stockland Group (ASX: SGP) on Wednesday reported underlying earnings of $660 million for fiscal 2016, up 8.5 per cent on fiscal 2015

NAB's 3Q cash profit falls as funding costs, bad debts rise

Author: Nicholas Grove
Date: 15 Aug 2016

National Australia Bank (ASX: NAB) on Monday announced unaudited cash earnings of $1.6 billion for the third quarter to the end of June, down around 3 per cent on both the quarterly average of the March 2016 half-year result and the same quarter in the prior year, as both funding costs and charges for bad debts increased

Free trade is under threat

Author: Michael Collins
Date: 08 Aug 2016

Donald Trump, the Republican presidential nominee, went to an aluminium recycling plant in Pennsylvania in June and declared that globalisation "has left millions of our workers with nothing but poverty and heartache"

Ansell considers divestment as profits dip 15 per cent

Author: Glenn Freeman
Date: 15 Aug 2016

Its dividend payout for the year was 1.2 per cent higher on fiscal 2015, with a 23.5 US cents a share second-half dividend bringing the annual total dividend to 43.5 US cents, to be paid on 8 September 2016

US charts versus fundamentals

Author: Lesley Beath
Date: 26 Jul 2016

Many years ago, some chartists simply locked themselves in a room and studied the price of certain stocks or indices

Challenger delivers record profit, dividends

Author: Nicholas Grove
Date: 16 Aug 2016

Challenger Limited (ASX: CGF) on Tuesday announced an 8 per cent rise in normalised net profit before one-off items to $362 million for fiscal 2016, on the back of a 22 per cent rise in annuity sales to a record $3.4 billion

Aurizon profits down as cost-cutting continues

Author: Glenn Freeman
Date: 15 Aug 2016

Underlying profit fell to $510 million in fiscal 2016, down from $604 million in fiscal 2015

Investors must accept lower returns for longer

Author: Glenn Freeman
Date: 08 Aug 2016

The trio of managers were: Bill Bovingdon, chief investment officer, Altius Asset Management; Prasad Patkar, head of qualitative investment, Platypus Asset Management; and Chad Padowitz, chief investment officer, Wingate Asset Management

ANZ records 3pc fall in cash profit

Author: Nicholas Grove
Date: 09 Aug 2016

Australian and New Zealand Banking Group (ASX: ANZ) on Monday announced a cash profit--a preferred measure of performance among the banks that strips out one-off gains and losses--of $5.2 billion for the nine months to 30 June 2016, down 3 per cent on the same period in the previous year

No strong US market signals

Author: Lesley Beath
Date: 02 Aug 2016

Action in the major US indices was mixed last week

Medical breakthrough underpins this stock's value

Author: Glenn Freeman
Date: 27 Jul 2016

This Australian wholesaler of a ground-breaking Hepatitis C cure will benefit from the Turnbull government's $1-billion commitment to eradicating the disease over five years

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