At the close of session on 21st February 2020, the Australian market ended the session in red. The benchmark index i.e., S&P/ASX200 ended the day at 7139 with the decline of 23.5 points. All Ordinaries ended the session with a fall of 0.3% to 7230.4. Let us now look at the performance of some sectors. S&P/ASX 200 Consumer Discretionary (Sector) witnessed the drop of 36.6 points and stood at 2,873.2. S&P/ASX 200 Health Care (Sector) closed the trading session at 47,922.0, indicating a fall of 0.89%.
Despite the fall in overall market, some companies performed well and ended the session in green. NRW Holdings Limited (ASX: NWH) stood at $3.180 per share with a surge of 7.071%. Viva Energy Group Limited (ASX: VEA) at the end of session stood at $1.890 per share with a rise of 5.882%.
Turning the needle towards the gainers and losers at NZX Main Board, Moa Group Limited (NZX: MOA) soared 12.00 % on an intraday basis and closed at NZ$0.280 per share. Pacific Edge Limited (NZX: PEB) settled the session at NZ$0.137, up by 4.58%. When it comes to losers, Blackwell Global Holdings Limited (NZX: BGI) plunged by 14.29% and stood at NZ$0.006 per share.
Recently, we have covered important information on MRG Metals Limited (ASX: MRQ). Please click here to see the information.
NRW Holdings Limited completed acquisition of BGC Contracting
NRW Holdings Limited (ASX: NWH) recently released its results for the half year ended 31st December 2019 (1H FY20), wherein it reported revenue of $808.7 million, reflecting a rise of 55% against previous comparative period. Comparative EBITDA of the company stood at $94.6 million, up by 27% versus pcp. During the period, the company has wrapped up the acquisition of BGC Contracting for the total consideration of $270.1 million. The company secured new Civil contracts worth of $70 million for BHP Mitsubishi Alliance (BMA) at Blackwater and Goonyella and formed Alliance partnerships for large West Australian infrastructure projects during the same time period.
The cash holdings of the company witnessed a rise from $65.0 million to $122.5 million. It also experienced a rise in net debt because of assumption of BGC Contracting asset finance debt. The Board of the company declared a fully franked interim dividend amounting to 2.5 cents per share as compared to the dividend of 2 cents per share of prior comparative period. The company would be paying the said dividend on 15th April 2020.
Boral Limited ended the session in green on ASX
Boral Limited (ASX: BLD) recently notified the market with the results for the 1H FY20. The company stated that Boral Australia witnessed a fall of 2% in revenue, and the figure amounted to $1,752 million. For 1H FY20, net debt of the company went down to $2.32 billion from $2.19 billion at 30th June 2019.
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