REPORTING CALENDAR- AUGUST 2022
It is again that time of the year when investors across the globe gauge ASX-listed companies releasing their results and outlook. The period outlines the most crucial time in the financial markets, driving market momentum and aiding investors in their decision making.
The August Reporting Season is likely to unveil how companies have been able to manage their balance sheets amid continued internal challenges and external uncertainties! We are wary of the turbulence at a bigger scale wherein business earnings are impacted by external factors like coronavirus (omicron) impact and other global economic and political risks. Nonetheless, we expect a group of star performers defensively showcasing the potential.
In view of the above, we bring to you the timeline of these earnings releases so that you do not miss out to check the performance of prominent ASX-listed companies!
|Date||Company Name||ASX Code||Reporting period||Business Outlook|
|9-Aug-22||REA Group||REA||FY22||The Group intends to achieve positive operating results for the entire fiscal year, excluding the effects of the acquisitions of REA India and Mortgage Choice.|
|9-Aug-22||Megaport Ltd||MP1||FY22||Megaport has a high degree of confidence in FY23 and will continue to be at the forefront as the top global NaaS provider. Megaport has a healthy cash position of more than AU$80M and a track record of successfully delivering on the company's ambitions.|
|10-Aug-22||Commonwealth Bank of Australia||CBA||FY22||CBA advised home loan variable interest rates will lift by 0.5% per annum. NetBank saver variable interest rates will also rise by 0.5% amid RBA's cash rate hike by 0.5 percentage on 2 August 2022.|
|11-Aug-22||ResMed Inc||RMD||4Q22||The strategically sound addition to Redmed's SaaS portfolio strengthens the company's position as a pioneer in digital health.|
|11-Aug-22||AMP Limited||AMP||HY22||With the sale of the GEFI company and infrastructure loan platform and the transfer of the Multi-Asset Group competence to its wealth management business, AMP Capital is concentrating on achieving its strategic goals.|
|11-Aug-22||Avita Medical Inc||AVH||2Q22||To meet unmet medical requirements in the areas of burns, chronic wounds, and cosmetic reasons, AVITA Medical has developed a technology platform.|
|11-Aug-22||Mirvac Group||MGR||FY22||The Mirvac Trustee is anticipated to take over as trustee of AWOF in the middle of October 2022. Mirvac will take over as AWOF's investment manager and property management as of the effective date.|
|11-Aug-22||QBE Insurance Group||QBE||HY22||QBE's focues on its six strategic priorities including portfolio optimisation, sustainable growth, bringing the enterprise together, modernising our business, our people and our culture.|
|12-Aug-22||Insurance Australia Group Limited||IAG||FY22||In order to assist ensure that the company can resist the impact of rising frequency and severity of natural perils, the company has significantly increased its tolerance for natural perils. The firm has been impacted by claims inflation in its important house and automobile portfolios.|