Finance News Network - Latest News The latest news from Finance News Network across all categories. https://www.finnewsnetwork.com.au/ en Finance TV Pty Ltd - All Rights Reserved 30 Saturday Sunday International Value Advisers on lowering volatility 22 Feb 2018 - MLC Portfolio Manager Myooran Mahalingam talks with International Value Advisers’ Chief Investment Officer Charles de Vaulx about IVA's absolute focus on value and preparedness to hold cash and gold when asset prices are elevated. https://www.finnewsnetwork.com.au/archives/finance_news_network168751.html Thu, 22 Feb 2018 04:30:00 GMT Funds Management https://www.finnewsnetwork.com.au/archives/finance_news_network168751.html Aus Tin Mining (ASX:ANW) Mt Cobalt project update 22 Feb 2018 - Aus Tin Mining Limited (ASX:ANW) CEO Peter Williams provides an update on the company's latest high grade results from its Mt Cobalt project. https://www.finnewsnetwork.com.au/archives/finance_news_network168750.html Thu, 22 Feb 2018 03:30:00 GMT Interviews https://www.finnewsnetwork.com.au/archives/finance_news_network168750.html Mixed leads amid busiest reporting day: ASX 0.1% lower at noon 22 Feb 2018 - Market at Midday: The ASX is having a hesitant start to the trading session as expected, on the back of weak Walll St leads. Blackmores (ASX:BKL) shares fell 14 per cent after revealing half year results. Industrial logistics company, Qube (ASX:QUB) shares fell 6 per cent after its net profit dropped. Nine Entertainment’s (ASX:NEC) shares up over 19 per cent after a 55 per cent rise in HY net profit. a2 Milk (ASX:A2M) extends rally from yesterday after it reported a 150 per cent jump in its net profit. Westfield Corporation (ASX:WFD) sees $185 million rise in net profit. Crown Resorts (ASX:CWN) net profit after tax down 34 per cent, to $239 million in the HY. Click for more. https://www.finnewsnetwork.com.au/archives/finance_news_network168749.html Thu, 22 Feb 2018 01:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network168749.html Blackmores vitamins and supplements bolster HY results 22 Feb 2018 - Blackmores (ASX:BKL) etched a 20 per cent rise in its net profit after tax to $34 million in the half year ending December (when compared to the same time last year) and its shares soar. https://www.finnewsnetwork.com.au/archives/finance_news_network168747.html Wed, 21 Feb 2018 23:31:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168747.html Webjet net profit up 25%, revenue up 290% 22 Feb 2018 - Webjet’s (ASX:WEB) net profit after tax rose a quarter of a per cent to $20 million in the half year ending 31 December, compared to the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network168746.html Wed, 21 Feb 2018 23:30:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168746.html Qantas results soared to another record half year 22 Feb 2018 - Qantas (ASX:QAN) deliver record underlying profit before tax in the six months to December of $976 million, surpassing its record of $921 million that it hit in the first half of FY16. Its revenue, profit after tax and EPS all lifted and its shares rally. https://www.finnewsnetwork.com.au/archives/finance_news_network168744.html Wed, 21 Feb 2018 23:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168744.html Kogan's customer growth sees profit and revenue surge 22 Feb 2018 - Online retailer, Kogan.com (ASX:KGN) announced a massive 470 per cent surge in its profit after tax attributable to members in the half year ending December to $8.3 million with revenue and EBITDA rising. It's shares soar over 14 per cent higher. https://www.finnewsnetwork.com.au/archives/finance_news_network168745.html Wed, 21 Feb 2018 23:00:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168745.html Wall St lower, busiest ASX reporting day ahead: ASX to see soft start 22 Feb 2018 - ASX eyeing a hesitant start at the open after Wall Street closed lower, while local investors and traders are sitting on the edge of their seats ahead of the busiest day of reporting season this year. Michael Hill's (ASX:MHJ) net profit fell in the six months to Dec to $8.7 million on the back of US operations continuing to worsen, as well as weakness in its Emma & Roe business. Results out today from: Alumina Ltd (ASX:AWC), Kogan.com (ASX:KGN), Platinum Asset Mgmt Ltd (ASX:PTM), Perpetual (ASX:PPT), Qantas Airways (ASX:QAN) and Webjet Ltd (ASX:WEB). AGL (ASX:AGL) and Woodside Petroleum (ASX:WPL) going ex-dividend just to name a few. https://www.finnewsnetwork.com.au/archives/finance_news_network168742.html Wed, 21 Feb 2018 22:01:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network168742.html Bellamy’s sees record high revenue and earnings 22 Feb 2018 - Baby formula business, Bellamy’s Australia (ASX:BAL) financial results galloped ahead in six months to December, with its net profit after income tax jumping 210 per cent to $22.4 million, when compared to the same time last year. https://www.finnewsnetwork.com.au/archives/finance_news_network168740.html Wed, 21 Feb 2018 21:05:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168740.html AWE’s independent expert says Mitsui’s offer is fair 22 Feb 2018 - Oil and gas company, AWE (ASX:AWE) has told shareholders to reject the under takeover bid from the Chinese state-owned firm, China Energy Reserve and Chemical Group (CERCG) for $0.73 and accept Mitsui & Co’s takeover offer of $0.95 per share. https://www.finnewsnetwork.com.au/archives/finance_news_network168741.html Wed, 21 Feb 2018 21:05:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168741.html Flat finish on ASX: Aus shares close 0.02% lower 21 Feb 2018 - Consumer staples soared with The a2 Milk Company (ASX:A2M) surging ahead a huge 30 per cent today after announcing a whopping 150 per cent rise in net profit for the half year. Wesfarmers (ASX:WES) rallied after reporting a lift in revenue for the half year despite a fall in profit, and Worley Parsons (ASX:WOR) increased on the back of an interim profit improvement. There was a sell-off in mining. This comes after BHP (ASX:BHP) reported weaker-than-expected results at the close of trade yesterday and Fortescue Metals (ASX:FMG) reporting a 40 per cent dip in profit for the half year. https://www.finnewsnetwork.com.au/archives/finance_news_network168739.html Wed, 21 Feb 2018 06:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network168739.html Shaking off losses: Aus shares flat lining at noon 21 Feb 2018 - Market at Midday report: On the back of a swag of companies reporting better than expected results, the ASX200 is starting to claw back its early losses despite mixed economic news. a2 Milk's (ASX:A2M) net profit after tax soared 150 per cent to NZ$98.5m and its shares soar, Bellamy’s Australia (ASX:BAL) follows. Seven Group Holdings (ASX:SVW) sees 64 per cent lift in its underlying net profit. Coca-Cola Amatil's (ASX:CCL) statutory net profit after tax jumps 81 per cent to $445m in 2017 . Cleanaway (ASX:CWY) etched a 61 per cent lift in its half year profit to $45 million. Watch for more. https://www.finnewsnetwork.com.au/archives/finance_news_network168738.html Wed, 21 Feb 2018 02:00:00 GMT Market Reports https://www.finnewsnetwork.com.au/archives/finance_news_network168738.html Financial Results for BHP, WPL and WES 21 Feb 2018 - Stock Watch: Fund Manager, Chris Pedersen discusses the latest from BHP Billiton, Woodside Petroleum and Wesfarmers. https://www.finnewsnetwork.com.au/archives/finance_news_network168736.html Wed, 21 Feb 2018 00:55:00 GMT Stock Watch https://www.finnewsnetwork.com.au/archives/finance_news_network168736.html APA’s profit down but revenue up 21 Feb 2018 - Natural gas and electricity company Australian Pipeline Group (ASX:APA) has reported its net profit after tax (NPAT) decreased 11 per cent to $124 million for the half year to December. https://www.finnewsnetwork.com.au/archives/finance_news_network168734.html Wed, 21 Feb 2018 00:40:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168734.html Stockland’s profit down on last year 21 Feb 2018 - Property development company Stockland (ASX:SGP) has reported its net profit after tax (NPAT) decreased 2.6 per cent to $684 million dollars for the half year to December 2017. https://www.finnewsnetwork.com.au/archives/finance_news_network168733.html Wed, 21 Feb 2018 00:39:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168733.html Wesfarmers results beat expectations 21 Feb 2018 - Wesfarmers (ASX:WES) has reported its net profit after tax fell 3 per cent to $1.5 billion dollars for the half year to December 2017. https://www.finnewsnetwork.com.au/archives/finance_news_network168731.html Tue, 20 Feb 2018 23:46:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168731.html Fortescue’s profit and revenue down 21 Feb 2018 - Mining company Fortescue Metals Group (ASX:FMG) has reported its net profit after tax (NPAT) decreased 44 per cent to USD$681 million for the half year to December 2017. https://www.finnewsnetwork.com.au/archives/finance_news_network168732.html Tue, 20 Feb 2018 23:46:00 GMT Company News https://www.finnewsnetwork.com.au/archives/finance_news_network168732.html