AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
At the close of trading session on 1st September 2020, equity market of Australia closed in red. The benchmark index S&P/ASX200 witnessed a fall of 107.1 points to 5953.4. Most of the sectors on ASX ended in red, including S&P/ASX 200 Health Care (Sector), which moved down by 577.8 points to 41,563.0 and S&P/ASX 200 Energy (Sector) stood at 7,040.7, reflecting a fall of 2.52%. All Ordinaries ended the trading session at 6143.2, with a fall of 102.7 points.
On ASX, the share price of Cooper Energy Limited (ASX: COE) settled at $0.350 per share. The stock of Resolute Mining Limited (ASX: RSG) went up by 3.167% to $1.140 per share.
RSG Performance (Source: ASX)
Recently, we have written some important information on Pental Limited (ASX:PTL), and the readers can view the content by clicking here.
On September 1, 2020, S&P/NZX50 closed the session in red, reflecting a fall of 1.21% to 11,793.16 while S&P/NZX20 fell by 1.32% to 7,808.52. On the same day, S&P/NZX10 encountered a fall of 1.64% to 2,110.24.
Cooper Energy Limited Reported Growth in Sales Revenue
Cooper Energy Limited (ASX:COE) recently released its FY20 results, wherein, it reported a statutory net loss after tax of $86.0 million and an underlying loss after tax of $6.6 million against the underlying profit of $13.3 million of FY19. The fall in earnings was due to increased expenses including gas processing costs, net finance costs, care and maintenance and depreciation and amortisation.
Despite a reduction of 38% in oil revenue due to lower prices and production, COE experienced a rise of 3% in sales revenue to $78.1 million.
Resolute Mining Limited Ended in Green on ASX
Resolute Mining Limited (ASX:RSG) recently notified the market with 1H20 results, wherein, it recorded a growth of 24% in gold production to 217,946 ounces. The company reported gold sales of 212,668 ounces at an average gold price of US$1,427/oz.
RSG witnessed a rise of 33% in revenue while net profit after tax rose by 32%. The company successfully completed refinancing activities via equity raising and new low-cost, flexible syndicated debt facility.
The company closed the half-year with cash and bullion balance of US$88 million, listed investments of US$35 million and a promissory note of A$50 million. The company’s net debt position stood at US$220 Mn as at June 30, 2020.
