Finance News Network

News by Kathy Skantzos

Kathy Skantzos

Finance News Network

Evolution Mining (ASX:EVN) rewards investors as profits rise

13 Aug 2020 - Evolution Mining (ASX:EVN) has reported a 38% increase in net profit after tax to a record $301.6 million compared to $218.2 million for FY19. The mining company will…

Woodside (ASX:WPL) records US$4.067 billion profit loss

13 Aug 2020 - Woodside Petroleum (ASX:WPL) has reported a US$4.067 billion (A$5.7 billion) loss of 28% in first-half profit due to a drop in oil and gas prices in the height of the…

Telstra (ASX:TLS) to pay dividend despite 14.4% profit drop

13 Aug 2020 - Telstra (ASX:TLS) has reported a 14.4% drop in net profit after tax to $1.8 billion, taking the telco’s total income to a loss of 5.9% to $26.2 billion.

AGL Energy (ASX:AGL) reports 22% dip in underlying profit

13 Aug 2020 - AGL Energy (ASX:AGL) has reported a 22% drop in underlying profit after tax to $816 million this financial year compared to $1.04 billion FY19, in line with the guida…

Wall St advances: Aus shares to open in the green

13 Aug 2020 - US markets closed on a positive foot overnight as the S&P 500 approached a near all-time high, and the Australian share market looks set to open in the green today. O…

Record highs in reporting season: Aus shares lift 1.8% by closing bell

10 Aug 2020 - It has been a positive day of trade for the Australian share market with the local bourse inclining steadily throughout the day to close in the green 1.8% higher. The…

Reporting season rolls in: Aus shares 1.2% higher at noon

10 Aug 2020 - The Australian share market lifted at the open as financial year reports roll in and is now tracking 1.2 per cent higher at noon. Banks and REITs have lifted while mi…

Adairs (ASX:ADH) profit increases 19% for year

10 Aug 2020 - Bedding company Adairs (ASX:ADH) reports a 19% lift in FY2020 net profit after tax of $35.3 million compared to a year ago.

GPT Group (ASX:GPT) reports $519 million loss

10 Aug 2020 - GPT Group (ASX:GPT) reports a $519.1 million loss for the first half of the year, impacted by the uncertainty of the current economic climate.

Kogan.com (ASX:KGN) sees uptick in customers, sales, profit in July

10 Aug 2020 - Kogan.com (ASX:KGN) has added 126,000 new customers in July, bringing its active customer base to more than 2.3 million.

Aurizon (ASX:AZJ) launches $300 million buyback as profit increases

10 Aug 2020 - Aurizon (ASX:AZJ) reports a 28% increase in net profit to $605 million as the rail freight operator launches a $300 million buyback.

US job growth lifts confidence slightly: Aus shares to open in the green

10 Aug 2020 - Following mixed leads from Wall Street, the Australian share market looks set to start the week in the green. The greenback bounced on the back of better-than-expecte…

Gold tops US$$2,023: Aus shares close 0.6% lower

05 Aug 2020 - The Australian share market has been flat all day after dropping at the open. The big banks fell today, while the miners kept afloat. On the commodities front, we’ve …

Centuria Industrial REIT (ASX:CIP) portfolio increases 30% with Telstra Data Centre purchase

05 Aug 2020 - Centuria Industrial REIT’s (ASX:CIP) portfolio increased 30% for FY2020, including the acquisition of the Telstra Data Centre in Clayton, taking the REIT’s total port…

Centuria Office REIT (ASX:COF) profit falls in FY2020 in line with guidance

05 Aug 2020 - Centuria Office REIT (ASX:COF) recorded a drop in profit to $23.1 million for FY2020 compared to the prior corresponding period of $53.6 million in FY2019, which is i…

Aus shares 0.9% lower at noon despite gold surge

05 Aug 2020 - The Australian share market dropped at the opening bell as expected and has faltered to an almost 1 per cent fall. This comes despite a surge in gold and a rally in t…

Telstra (ASX:TLS) sells data centre to Centuria Industrial REIT (ASX:CIP) for $416.7 million

05 Aug 2020 - Telstra (ASX:TLS) has entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for $416.7 million.

Helloworld Travel (ASX:HLO) raises $50K in entitlement offer

05 Aug 2020 - Helloworld Travel (ASX:HLO) has completed the retail component of its entitlement offer, raising a total of approximately $50 million, after the entitlement offer rai…

ASX set to dip despite Wall St gains

05 Aug 2020 - Wall Street ended on a high note with the Energy sector lifting. Apple is still tracking gains after its strong quarterly report last week. The US government stimulus…

RBA holds rates: Aus shares close 1.9% higher

04 Aug 2020 - The local bourse managed to stay on a positive streak throughout the day after a strong start at the open, easing slightly through the afternoon ahead of the RBA's in…

Retail resilient despite shutdowns: Aus shares 2.1% higher at noon

04 Aug 2020 - The ASX lifted at the opening bell, rising more than 2 per cent to above 6,000, fuelled by tech stocks and a lift in the major banks. All sectors are in the green, ev…

Market flatlines amid tougher restrictions: Aus shares close flat

03 Aug 2020 - After a sharp decline this morning due to a slump in the big banks, the market recovered just before midday lifted by health care and gold producers but and flatlined…

Kingston Resources (ASX:KSN) - gold explorer & developer

03 Aug 2020 - Kingston Resources Limited (ASX:KSN) Managing Director Andrew Corbett provides an update on the company's Misima and Livingstone Gold Projects.

Big banks drop: Aus shares flat at noon

03 Aug 2020 - The Australian share market dropped sharply at the open mainly due to the big banks falling but has recovered with a rise in the health sector and is now tracking alm…

Tabcorp (ASX:TAH) expects $1.1 billion impairment

03 Aug 2020 - Tabcorp (ASX:TAH) has announced it expects to incur a non-cash goodwill impairment charge of between $1 billion and $1.1 billion in its 2020 financial year results re…