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At the close of trading session on 19th February 2020, the equity market of Australia settled in green and the benchmark index i.e., S&P/ASX200 stood at 7144.6 with a rise of 30.9 points. All Ordinaries ended the session at 7237.4, which inched up to 0.4%. Turning to the performance of some sectors, S&P/ASX 200 Utilities (Sector) witnessed a rise of 14.6 points and closed at 8,392.2. S&P/ASX 200 Health Care (Sector) experienced an increase of 2.81% and stood at 48,747.2.
During the trading day, some companies performed exceptionally well. Cleanaway Waste Management Limited showcased the rise of 16.667% and ended at $2.240 per share and Cochlear Limited stood at a closing price of $251.550 per share, up by 11.001%.
Looking at NZX Main Board, where New Talisman Gold Mines Limited (NZX: NTL) has been a top gainer, which witnessed a rise of 14.290% and settled the trading session at NZ$0.008. Smartpay Holdings Limited (NZX: SPY) settled the session at NZ$0.750 with an increase of 7.14% on an intraday basis. When it comes to losers, Chatham Rock Phosphate Limited (NZX: CRM) indicated a drop of 7.69% and ended the session at NZ$0.120 per share.
We have recently covered important information on Orcoda Limited (ASX:ODA) and the information is accessible by clicking here.
Cleanaway Waste Management Limited reported growth in earnings during 1H FY20
Cleanaway Waste Management Limited (ASX: CWY) on notified the market with the results for the first half of financial year 2020 and stated that it experienced a growth of 13.7% in underlying NPAT and reached at $76.2 million. The Underlying EBITDA stood at $234.6 million, reflecting a rise of 2.5% and witnessed a rise of 40 basis points in margin expansion to 21.9%. As per the key personnel of the company, the financial results for the period outlines portfolio nature of its total waste services offering. With respect to Solids Waste Services, the company reported the net revenue amounting to $176.6 million with a rise of 0.5%. During 1H FY20, the company wrapped up the acquisition of SKM assets.
The Board of the company declared an interim dividend amounting to 2.0 cents per share, reflecting a rise of 21.2% as compared to the interim dividend paid last year. The company would be paying the said dividend on 3rd April 2020.
Cochlear Limited ended in green in ASX
Cochlear Limited (ASX: COH) recently released its results for 1H FY20, wherein it reported a rise of 9% in sales revenue, which amounted to $777.6 million. Cochlear implant revenue increased by 14%, Services revenue was up by 9%, while Acoustics revenue witnessed a decline of 9%. The Board of the company declared interim dividend amounting to $1.60 per share, reflecting a rise of 3% on pcp.
On the outlook front, the company anticipates delivering underlying net profit in the range of $270-290 million, reflecting a rise in the ambit 2-9% increase on underlying net profit for FY19. The said guidance has been reduced from $290-300 million because of an expected impact from the novel coronavirus.
