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Articles from: Crown profits down amid declining high-roller revenue to What Trump's protectionism means for Australian investors

Crown profits down amid declining high-roller revenue

Author: Glenn Freeman
Date: 23 Feb 2017

Casino operator Crown Resorts (ASX: CWN) has announced declines across the business for the first half of fiscal 2017 (1H17), as net profits after tax and revenue fell 9 per cent and 12 per cent, respectively

Perpetual shares rally on revenue boost

Author: Nicki Bourlioufas
Date: 23 Feb 2017

Investors welcomed the result by pushing shares in the company to a fresh year-high level on Thursday afternoon

CBA lifts half-year cash profit 2pc, dividend 1pc

Author: Nicholas Grove
Date: 15 Feb 2017

Cash earnings per share stood at $2.86, flat on the previous corresponding half, the bank said in a statement to the ASX

Here's why the ASX could show further strength

Author: Lesley Beath
Date: 14 Feb 2017

In the last report, I suggested the correction in the Australian market may have further to run

Is the Reserve Bank out on a limb?

Author: Peter Warnes
Date: 10 Feb 2017

The Reserve Bank left the official cash rate at 1.5 per cent following the 7 February meeting

Santos posts loss but sees better times ahead

Author: Anthony Fensom
Date: 17 Feb 2017

However, the Adelaide-based company sees better times ahead, helped by rising oil prices, with analysts seeing the result as in line with expectations

South32 posts solid $620m net profit for 1H17

Author: Glenn Freeman
Date: 17 Feb 2017

South32 (ASX: S32) has reported US$620 million in net profit after tax for the first half of fiscal 2017 (1H17)--a return to positive territory after a $1.7-billion loss in the same period in 2016.

JB Hi-Fi shares soar after record earnings lift

Author: Nicholas Grove
Date: 13 Feb 2017

Statutory net profit stood at $110.4 million, up 16 per cent on the same half in the prior year

Computershare 1H17 result banks on business renewal, rising rates

Author: Glenn Freeman
Date: 15 Feb 2017

Computershare (ASX: CPU) shareholders will receive an interim dividend of 17 cents a share, 30 per cent franked, up 6.3 per cent on the first half of fiscal 2016

Telstra profit, shares nosedive

Author: Nicki Bourlioufas
Date: 16 Feb 2017

Revenue dropped to $12.8 billion, from $13.7 billion

Challenger lifts profit 8pc on record annuity sales

Author: Nicholas Grove
Date: 14 Feb 2017

Including a profit from the sale of Kapstream Capital in the prior corresponding period, statutory net profit was down about 14 per cent to $202 million

Trump-led trading spike benefits ASX 1H17 result

Author: Glenn Freeman
Date: 17 Feb 2017

Group revenue for the market operator grew 2.8 per cent to $386 million in the six months to 31 December 2016, from $376 million a year earlier

CSL reports net profit, dividend growth for 1H17

Author: Glenn Freeman
Date: 15 Feb 2017

It also reported earnings before interest and taxes of US$1.09 million, up 36 per cent year on year

Rio Tinto back in black with US$4.6bn profit

Author: Anthony Fensom
Date: 09 Feb 2017

The Anglo-Australian miner posted net earnings of US$4.6 billion (A$6 billion) for 2016, marking a US$5.5-billion turnaround after recording a US$866 million loss for the previous year

Origin books $1.68bn LNG-linked loss for 1H17

Author: Glenn Freeman
Date: 16 Feb 2017

This is largely attributed to a post-tax $1.9 billon impairment, relating to a $1 billion carrying value reduction of Australia Pacific LNG (APLNG), in which Origin (ASX: ORG) holds a 37 per cent stake

Aurizon books $54m 1H17 net profit despite earlier write-downs

Author: Glenn Freeman
Date: 13 Feb 2017

Aurizon Holdings (ASX: AZJ) recorded $54 million in statutory net profit after tax (NPAT) for the first half of fiscal 2017 (1H17)--a return to positive territory after its $108-million statutory loss in the same period last year

Treasury Wine more than doubles earnings, ups dividend

Author: Nicholas Grove
Date: 14 Feb 2017

Net profit and earnings per share (EPS) for the half year to 31 December 2016, including one-off items, stood at $136.2 million and 18.5 cents a share, respectively

Amcor lifts half-year underlying profit, dividend

Author: Nicholas Grove
Date: 13 Feb 2017

Statutory profit for the half year was US$286.6 million, down 6 per cent, while earnings per share (EPS) were up 4.6 per cent to 26.7 US cents on a constant currency basis, the packaging company said in a statement to the ASX

ANZ delivers 31pc lift in 1Q17 cash profit

Author: Nicholas Grove
Date: 17 Feb 2017

The result also benefitted from a lower bad debt charge and the sale of the bank's old headquarters at 100 Queen Street, Melbourne, ANZ said in a statement to the ASX on Friday

Medibank losing health insurance customers

Author: Nicki Bourlioufas
Date: 17 Feb 2017

Health insurance operating profit fell to $249.4 million for the six months ended 31 December, 2016, down from $271.7 million the same period a year earlier

4 points to note as resources rally

Author: Andrew Fleming
Date: 13 Feb 2017

Little more than a year ago, we were struck by how far materials, dominated by minerals producers, had fallen as a proportion of the ASX through time

Higher prices power AGL profit

Author: Anthony Fensom
Date: 10 Feb 2017

The profit gain was helped by the removal of $656 million of impairments and restructuring costs in the previous half year in relation to its natural gas assets, along with a change in the value of financial instruments

ASX correction may have further to run

Author: Lesley Beath
Date: 06 Feb 2017

My school motto was "facta non verba" (deeds not words) and I think of that quite a lot--in regard to many things

Trump executive orders, US ructions to have muted Aussie equities impact

Author: Glenn Freeman
Date: 08 Feb 2017

As Donald Trump's presidency nears the 30-day mark, amid persistent uncertainty and volatility in financial markets, an attempt to reverse the Dodd-Frank financial reforms could be next on the already long list of executive orders

CIMIC's 2016 profit, dividends beat forecast

Author: Nicholas Grove
Date: 08 Feb 2017

CIMIC Group (ASX: CIM) on Wednesday announced a net profit for 2016 of $580.3 million, up 11.5 per cent on 2015, at the top end of company guidance, and ahead of Morningstar's forecast for a profit of $575.9 million

Happiness runs

Author: Bill Gross
Date: 09 Feb 2017

The three grand essentials of happiness are: something to do, someone to love, and something to hope for

AMP unveils big loss as insurance takes toll

Author: Nicki Bourlioufas
Date: 09 Feb 2017

AMP's underlying profit dived to $486 million, down from a $1.1 billion profit a year earlier

Suncorp posts profit as bank, insurance earnings rise

Author: Nicki Bourlioufas
Date: 09 Feb 2017

The company's revenue rose 10.8 per cent to $8.64 billion for the half year to 31 December, compared to the same period a year earlier

NAB's 1Q cash profit dips 1pc after costs rise

Author: Nicholas Grove
Date: 06 Feb 2017

National Australia Bank (ASX: NAB) on Monday announced a first-quarter underlying cash profit of $1.6 billion, down 1 per cent on the same quarter in the previous financial year, after an increase in redundancy costs impacted the bottom line

What Trump's protectionism means for Australian investors

Author: Anthony Fensom
Date: 07 Feb 2017

US President Donald Trump's pledge to "fight for free trade" has sparked concerns over a global retreat to protectionism

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