The investors’ sentiments turned to be positive as demonstrated by the performance of the S&P/ASX 200 after the close of trading hours on 22 August 2019. The Australian stock market is attracting investors and market enthusiasts from across the globe as the ASX-listed companies come together and add their respective flavours to the macro-economic environment of Australia’s booming economy, dropping in their earnings reports, while investors gaze at the stock price momentum in the live markets.
The index was up by 18.5 basis points/ 0.28 per cent, and closed at 6501.8 basis points, marking a positive performance of the diverse stocks listed on the Australian stock market, that settled the trading session on a higher note.
Origin Energy Limited Opens Gap up, Posts Record Profit
Origin Energy Limited (ASX: ORG) started the day’s session with a gap up opening after posting a profit of A$1,214 million for FY2019.
ORG declared second interim, 30 per cent franked, dividend of 15 cents a share for 2H FY2019. Total dividend for the year climbed to 25 cents a share with 30 per cent franking.
Australia Pacific LNG Production underpins 37.5 per cent growth to stand at 255 petajoules in FY2019, delivering net cash of A$943 million in FY2019, up by 160 per cent from FY2018.
After the close of trading hours, the ORG stock quoted A$7.370, up by 2.36 per cent relative to its last close. The YTD return of this energy stock has been 15.82 per cent.
Qantas Posts Record FY19 Revenues, Announces Off-Market Buy-Back
Qantas posted record revenues, but statutory profit after tax down 6.5% to $891 million for the year ended 30 June 2019. Besides, the Airline major declared a fully franked dividend of 13 cents per security. More importantly, the Australian giant has announced an off-market-buy back of up to 79.7 million shares, which is approximately 5.1% of the total shares on issue.
After the close of trading hours, the QAN stock quoted A$5.860, up by 1.38 per cent relative to its last close. The YTD return of this industrial stock has been 0.35 per cent.
ASX:FLT soars on record FY19 results
Travel management company, Flight Centre Travel Group Limited (ASX: FLT) released full-year results for the year ended 30 June 2019. The company would be paying record dividends at $310.2million for FY2019, following the declaration of the latest fully franked dividend of A$0.98 per security, which is payable on 11 October 2019.
Besides, the total transaction value (TTV) was up by 8.8% over FY2018 to $23.7 billion, while revenues inched up slightly by 4.5% to $3.05 billion over FY2018. Further, statutory profit after tax contracted by 0.2% to $264.17 million over FY2018.
After the close of trading hours, the FLT stock quoted A$47.140, up by 7.52 per cent relative to its last close. The YTD return of this industrial stock has been 8.28 per cent.
Nine Entertainment Co. Holdings Limited (ASX: NEC)
Media & Entertainment company, Nine Entertainment treated the market with its full-year results for the period ended 30 June 2019.
The company reported total revenues from continuing operations at $1.84 billion up by 40% over the FY2018. Besides, the group EBITDA from continuing operations soared up by 36% to reach $349.9 million over FY2018. Meanwhile, net profit after tax from continuing operations was up by 19% to $187.1 million over FY2018.
NEC has declared a fully franked dividend of 5 cents per share for the period, which is payable on 17 October 2019.
After the close of trading hours, the NEC stock quoted A$1.950, up by 8.03 per cent relative to its last close. The YTD return of this communication services stock has been 33.70 per cent.
Santos Limited (ASX: STO)
Santos Limited (ASX: STO) runway gap took the stock over 4 per cent up to the level of A$7.160 in the day’s morning session after the company reported an 89 per cent increase in the underlying profit.
STO presented its half-year 2019 report to the market today with the product sales of A$1,974 million, up by 17.5 per cent from the 2018 half-year.
Production volumes inched up by 32.2 per cent to stand at 37.0 million barrels of oil equivalent, while simultaneously realising 11 per cent higher prices of US$9.97 per mmBtu (metric million British Thermal Unit) for LNG.
However, the average realised price for oil slipped by 4 per cent to US$72.1 per barrel.
After the close of trading hours, the STO stock quoted A$7.100, up by 3.49 per cent relative to its last close. The YTD return of this energy stock has been 29.92 per cent.
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