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At the close of trading session on 17th August 2020, the equity market of Australia closed in red. The benchmark index S&P/ASX200 closed at 6076.4, reflecting a fall of 49.8 points or 0.81%. In the last three months, the index experienced a rise of 11.2%. S&P/ASX 200 Consumer Staples (Sector) witnessed a fall of 97.2 points to 13,458.7 and S&P/ASX 200 Energy (Sector) stood at 7,458.2, indicating a decline of 56.3 points. At the close of the same session, All Ordinaries went down by 43.2 points to 6218.5.
S&P/ASX200 Performance (Source: ASX)
On ASX, the share price of Beach Energy Limited (ASX: BPT) rose by 7.119% to $1.580 per share. The stock of JB Hi-Fi Limited (ASX: JBH) moved up by 4.796% to $49.600 per share.
S&P/NZX50 ended the session at 11,673 with an increase of 1.93%. The stock of Blackwell Global Holdings Limited (NZX: BGI) rose by 44.44% to NZ$0.013 per share. The share price of New Talisman Gold Mines Limited (NZX: NTL) inched up by 14.29% to NZ$0.008 per share. On the other hand, the share price of AMP Limited (NZX: AMP) moved down by 2.34% to NZ$1.670 per share.
Recently, we have written an article on Beach Energy Limited (ASX:BPT), and the readers can click here to view the content.
Beach Energy Limited Declared Final Dividend of 1 Cent Per Share.
Beach Energy Limited (ASX:BPT) recently released its FY20 results, wherein, it reported statutory net profit after tax of $501 million. Underlying EBITDA margin and ROCE for the year stood at 67% and 19%, respectively. The company declared a fully franked final dividend of 1.0 cent per share.
BPT ended FY20 with a net cash position of $50 million. The company experienced a fall of 16% in operating cash flow due to a decline of 14% in sales revenue and an increase of $134 million in cash tax payments. For FY21, the company is expecting production in the range of 26.0 MMboe – 28.5 MMboe and Underlying EBITDA in between $900 million – $1,000 million. In addition, the company anticipates capital expenditure in the ambit of $650 million – $750 million.
JB Hi-Fi Limited Witnessed Growth in Total Sales.
JB Hi-Fi Limited (ASX:JBH) recently notified the market with FY20 results, wherein, it recorded a growth of 11.6% in total sales to $7.9 billion. The company reported underlying EBIT amounting to $486.5 million with a rise of 30.5%. Underlying net profit after tax for the period stood at $332.7 million, reflecting a rise of 33.2%.
JB HI-FI Australia showcased the growth of 12.5% in total sales to $5.32 billion with comparable sales growth of 12.2%.
JBH witnessed a rise of 48.8% in total online sales to $597.5 million. The company declared a fully franked final dividend amounting to 90 cents per share, reflecting a rise of 76.5%. This took the total dividend for FY20 to 189 cps, indicating growth of 33.1% from the pcp.
