Financial
Macquarie Group provides outlook update for FY19
September 11, 2018 03:58 AM AEST| By Team Kalkine MediaMacquarie Group has delivered strong return on equity of 16.8% for the financial year ended 30 June 2018, which is 15.2% more than previous year returns. This comes after, profit attributable to shareholders grew $2,557 million from $2,217 million in...
Macquarie to sell its 95 million shares in Oceania Healthcare
September 05, 2018 03:59 PM AEST| By Team Kalkine MediaMacquarie Group (ASX: MQG) has gone on selling down some of its stakes in New Zealand based aged care service provider, Oceania Healthcare. As per the Oceania Healthcare?s disclosure to New Zealand Exchange, Macquarie Group has been found selling do...
Shares plunged as Suncorp’s Australian Life Insurance business fell apart
September 04, 2018 08:36 AM AEST| By Team Kalkine MediaSuncorp Group?s stock was arrowed down on ASX today after the company inked a share sale deed with TAL Dai-ichi Life Australia Pty Ltd to sell its Australian life insurance business for total consideration of approximately $725 million. As recently...
Yellow Brick stands still on takeover bid rejection
September 04, 2018 06:17 AM AEST| By Team Kalkine MediaDirectors of Yellow Brick Road Holdings Limited remain still on their decision to reject the takeover bid offer given by Mercantile OFM Pty Ltd, a wholly-owned subsidiary of Mercantile Investment Company Ltd. On 20 August 2018, Mercantile OFM Pty Lt...
Rural Funds Group (ASX: RFF)- Rural Funds Group announces higher distribution on 29% growth in income
September 03, 2018 01:13 PM AEST| By Team Kalkine MediaRural Funds Group announced final distribution of 2.6075 cents per stapled security on increased earnings of $44 million, an improvement of 29% on previous year. This increase of $9.77 million is mainly attributable to lease income earned from the Na...
Suncorp Group Limited (ASX: SUN)- Suncorp joins Westpac in increasing interest rates
August 31, 2018 11:39 AM AEST| By Team Kalkine MediaAustralia?s leading home lender Suncorp (ASX: SUN) takes the Westpac road by announcing second rise in last six months. The announcement reads that Suncorp will increase all variable home loans rates by 0.17% p.a. and small business loans rates by 0....
Perpetual Limited (ASX: PPT)- Perpetual Limited declares decent results
August 30, 2018 05:03 PM AEST| By Team Kalkine MediaPerpetual Limited today announced 2% growth in statutory net profit after tax (NPAT) of $140.2 million for the year ended 30 June 2018. Operating revenue was $533.7 million, an improvement of 4% on prior year. The company has observed strong growth...
Marley Spoon AG (ASX: MMM) - Marley Spoon’s interim financial result on track to meet prospectus forecast
August 29, 2018 10:08 AM AEST| By Team Kalkine MediaRecently listed on ASX, Marley Spoon AG (ASX: MMM) has today announced financial results for the first half year ended 30 June 2018. Consolidated interim revenue has gone up 99% on the prior corresponding period to ?39.5 million, excluding the impact...
Santos Shares Fueled by Robust Financials and New Acquisition
August 27, 2018 12:35 AM AEST| By Team Kalkine MediaSantos is an oil and gas producer in the Asian pacific region, concerned with the exploration, development, production and sales of natural gas. Major products of the natural gas company are Liquid Petroleum gas, methane, ethane, coal seam gas, conde...
Steadfast Group Limited (ASX: SDF)- Steadfast announces FY18 results after completing five years on ASX
August 24, 2018 02:00 PM AEST| By Team Kalkine MediaSteadfast Group announced strong underlying earnings growth for the period ended 30 June 2018. Underlying net profit after tax increased by 12.9% to $75.0 million as revenue surged up 15.5% to $582.5 million, driven by organic and acquisition growth...
Platinum Asset Management Limited (ASX: PTM) – Platinum declares preliminary results
August 24, 2018 07:53 AM AEST| By Team Kalkine MediaPlatinum Asset Management, a fund manager, released its preliminary final report for the year ended 30 June 2018, posting rise in revenue and profit of 5.9% and 1.7%, respectively. The growth in revenue of 5.9% to $353.3 million, is driven by signif...
Westpac Banking Corporation (ASX: WBC) – Share price sank on lower net interest margin
August 24, 2018 04:44 AM AEST| By Team Kalkine MediaWestpac?s share price tumbled in early trade as company announced fall in its net interest margin for the third quarter ending June 2018. Financial services group today revealed that its net interest margin for 3Q18 has reduced to 2.06% compared to 2...
APN Property Group Limited (ASX: APD)- APN Property declared decent FY18 result
August 23, 2018 08:02 AM AEST| By Team Kalkine MediaAPN Property Group?s net profit after tax increased 27% to $13.6 million for the financial year ended 30 June 2018. Operating earnings of the group surged to $8.2 million, up 12% on prior year on the back of successful completion of ASX listing of c...
The A2 Milk Company Ltd - Witnesses surge with outstanding financial performance in FY18
August 22, 2018 06:45 AM AEST| By Team Kalkine MediaOutstanding financial performance in FY 18: The A2 Milk Company Ltd.?s (ASX: A2M) stock surged 5.5% on August 22, 2018 after the company delivered outstanding financial performance in FY 18 with 116% growth in net profit after tax to NZ$195.7 million...
Flexigroup Limited (ASX: FXL) - Flexigroup share price arrowed up on FY18 results release
August 21, 2018 08:56 AM AEST| By Team Kalkine MediaThe share price of consumer finance group, Flexigroup Limited (ASX: FXL) rallied 26.72% to $2.3 as company reported FY18 profit at higher end of guidance range. In the full year results release for the period ended 30 June 2018, Flexigroup today, as...
3 Fintech Stocks to Look at – NWL, HUB, and PPS
August 20, 2018 01:52 AM AEST| By Team Kalkine MediaNetwealth Group Ltd (ASX: NWL) is a financial service company that offers a range of innovative portfolio administration, retirement, investment, superannuation, and managed accounts solutions to both investors and non-institutional intermediaries. T...
MyState Limited (ASX: MYS) - MyState Edged lower despite confirming FY18 profit at $31.5 million
August 17, 2018 08:58 AM AEST| By Team Kalkine MediaAustralian financial group, MyState Limited (ASX:MYS) today announced solid results for twelve months to 30 June 2018, delivering net profit after income tax of $31.5 million, an increase of 4.6% on the prior corresponding period 30 June 2017. With...
Insurance Australia Group Ltd Reports Slight fall in the profit for FY 18
August 15, 2018 07:57 AM AEST| By Team Kalkine MediaSlight fall in the profit for FY 18: Insurance Australia Group Ltd.?s (ASX: IAG) stock fell 5.8% on August 15, 2018 after the company for FY 18 reported 0.6% fall in the net profit after tax to $929m. During 2018, Like-for-like Gross Written Premium...
CSL Ltd Delivered Decent FY 18 Financial Performance
August 15, 2018 07:17 AM AEST| By Team Kalkine MediaDecent FY 18 Financial Performance: CSL Limited?s (ASX: CSL) stock rose 5.03% on August 15, 2018 after the company for FY 18 reported 29% growth in the reported net profit after tax to $1,729 million, slightly ahead of the company?s guidance. The com...
Wesfarmers Ltd.’s stock surging up despite a plunge in bottom-line profit
August 15, 2018 07:12 AM AEST| By Team Kalkine MediaDecent Performance in FY 18 after excluding significant items: Wesfarmers Ltd.?s (ASX: WES) stock rose 3.22% on August 15, 2018 though the company for FY 18 delivered 58.3% fall in the reported net profit after tax (NPAT) to $1,197m. This includes a...
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