Finance News Network

News by David Chau

David Chau

Finance News Network

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Duet Group profit up 153.5%

19 Aug 2016 - Duet Group (ASX:DUE) reports net profit surged 153.5% to $195.2 million in FY16.

IAG profit falls 14%, enters $300M share buy-back

19 Aug 2016 - Insurance Australia Group Ltd (ASX:IAG) reports net profit fell 14.1% to $625 million.

Keen says: Property prices could plummet 70%

19 Aug 2016 - Professor Steve Keen (Kingston University) says property prices could fall up to 70%, and why Australia will be hit by a recession in 2017.

Medibank profit surges 46.4% in slowing market

19 Aug 2016 - Medibank Private Ltd (ASX:MPL) reports NPAT surged over 46% to $417.6 million.

Amaysim profit skyrockets 110.5%

19 Aug 2016 - Telco company, Amaysim Australia Ltd (ASX:AYS), announces first financial results, since publicly listing on the ASX in 2015.

Oil surges to 8-week high; Aus shares to open higher

19 Aug 2016 - Oil surges to 8-week high; Aus shares set for higher open. Mineral Resources Ltd (ASX:MIN) reports $286 million in normalised EBITDA at the top end of its guidance.

Sydney Airport’s revenue rises 11.3% in 1H16 results

18 Aug 2016 - Sydney Airport Holdings Ltd (ASX:SYD) releases interim 1H16 results, and reports revenue rose 11.3%.

Origin Energy underlying profit plunges 41%

18 Aug 2016 - Origin Energy Ltd (ASX:ORG) announces underlying profit fell 41% to $354 million in FY16.

Brambles’ profit rises 8% to US$623M

18 Aug 2016 - Brambles Ltd (ASX:BXB) announces underlying profit after tax grew by 8% to $US623 million.

Webjet profit up 27% and signs deal with Thomas Cook

18 Aug 2016 - Travel bookings website, Webjet Ltd (ASX:WEB), has announced its revenue shot up 29% to $155.3 million.

Spark New Zealand profit falls by 1.3% in FY16

18 Aug 2016 - Telco company, Spark New Zealand Ltd (ASX:SPK) reports 1.3% fall in net profit to NZ$370 million for FY16.

AMP’s underlying profit drops 10%

18 Aug 2016 - AMP Ltd (ASX:AMP) reports underlying profit fell 10% to $570 million due to "volatile investment conditions”.

Upwards for Aus shares; US Fed unsure about rate hike

18 Aug 2016 - Upwards for Aus shares; US Fed unsure about rate hike. Sonic Healthcare Limited (ASX: SHL) reports NPAT jumped 30% to $451 million.

Stockland declares strong result as profit falls 1.6%

17 Aug 2016 - Stockland Corporation Ltd (ASX:SGP) reports small 1.6% drop in statutory profit to $889 million in FY16.

Crown Resorts reports 22.7% drop in profit

17 Aug 2016 - Crown Resorts Ltd (ASX:CWN) reports normalised net profit after tax fell 22.7% to $406.2 million in FY16.

QBE dumps CEO as profit falls by 46%

17 Aug 2016 - QBE Insurance Group Ltd (ASX:QBE) declares interim net profit fell by 46% in FY2016, and gets rid of its Australian and NZ CEO, Tim Plant.