AUS
NZ
UK
CA
USA
IND
The equity market of Australia ended in green on 3rd September 2020, and S&P/ASX200 went up by 49.4 points to 6112.6. Most of the sectors on ASX ended in green, such as S&P/ASX 200 Consumer Staples (Sector), which moved up by 132.7 points to 12,876.0. S&P/ASX 200 Health Care (Sector) settled at 42,900.9 with a rise of 576.3 points.
On ASX, the share price of SkyCity Entertainment Group Limited (ASX: SKC) stood at $2.480 per share. The stock of Credit Corp Group Limited (ASX: CCP) inched up by 6.172% to $19.610 per share.
CCP Performance (Source: ASX)
Recently, we have written some crucial information on Calima Energy Limited (ASX:CE1), which could be beneficial for the market participants. The investors can read the content by clicking here.
On September 3, 2020, S&P/NZX50 ended the trading session in green, implying a rise of 1.28% to 12,055.05 while S&P/NZX20 increased 1.45% to 8,001.43. Notably, S&P/NZX10 increased by 1.44% to 2,163.98.
SkyCity Entertainment Group Limited Released FY20 Results.
SkyCity Entertainment Group Limited (ASX:SKC) recently released its FY20 results, wherein, it reported normalised EBITDA and NPAT amounting to $200.7 million $66.3 million. The results were impacted by NZICC fire and Covid-19 pandemic.
During the year, the company successfully raised $230 million through fully underwritten institutional placement and share purchase plan. In addition, the company also secured additional facilities of $160 million from existing banking group. For FY21, the company expects to report corporate costs of around $34 million and net interest expense of around $27 million.
Credit Corp Group Limited Ended in Green on Australian Securities Exchange.
For FY20, Credit Corp Group Limited (ASX:CCP) reported net profit after tax (NPAT) amounting to $15.5 Mn after accounting for impairment of purchased debt ledger (PDL) assets as well as additional provisioning arising from the coronavirus impact. However, NPAT before these adjustments amounted to $79.6 Mn, reflecting a rise of 13% above the previous year.
During 2H FY 2020, CCP generated free cash flow of $110 million, which was supplemented with equity raising of $152 million.
During FY20, the company has strengthened its balance sheet to facilitate continued purchasing and lending over an extended period of uncertainty and prepare for opportunity.
For FY21, the company is expecting NPAT in the range of $60 million - $75 million and EPS of between 89 - 112 cents.
