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Woolworths hit with $100 million payout to aggrieved shareholders
September 11, 2018 09:15 AM AEST| By Team Kalkine MediaWoolworths Group Limited (ASX:WOW) is slammed with $100 million class action on the allegation that supermarket giant has failed to disclose a shock profit downgrade to its profit outlook in 2015 that has seen plunge in the value of the shareholder?s...
Stealth Global Holdings Limited to list on ASX
September 10, 2018 09:01 AM AEST| By Team Kalkine MediaStealth is an international distribution group founded in Perth in 2014. The company supplies healthcare, safety, industrial and workplace consumable products to business customers. It serves multiple industry sectors, but the special focus is on res...
Harvey Norman offers new shares below the ‘crazy’ price of $4
September 07, 2018 06:09 AM AEST| By Team Kalkine MediaHarvey Norman (ASX:HVN) wants shareholders to tip in $163.85 million but following the announcement of right issue, the company?s stock continues moving down. After massively falling 4.509% on the day of announcement, Harvey Norman?s stock sunk 0.144...
Cost-cuts couldn’t help Metcash enough: Analyst
September 05, 2018 03:26 PM AEST| By Team Kalkine MediaMetcash is an Australia?s leading wholesaler of grocery, food, liquor and other fast-moving consumer goods. The independent food retailer is undergoing margin pressure on getting squeezed by big chains like Woolworths and Coles as these supermarket g...
Freedom Food’s stock soar on higher profit
September 03, 2018 04:07 AM AEST| By Team Kalkine MediaFreedom Food?s FY18 statutory net profit increased 68.7% to $12.7 million on the launch of 70 new product formats including A2 protein milk variants. Annual net sales increased to $353 million, up 34.5% on FY17, in which dairy segment has been the pr...
Retailer Harvey Norman profit crashed to $375.38 million
September 03, 2018 03:56 AM AEST| By Team Kalkine MediaHarvey Norman Holdings Limited?s profit after tax fell 16.4% to $375.38 million due to massive decline in franchise operation and property segment for the year ended 30 June 2018. Earnings before interest and tax decreased to $556.52 million, down 15...
Myer Holdings Limited (ASX: MYR)- Myer cuts 30 senior management and executive roles
August 31, 2018 01:45 PM AEST| By Team Kalkine MediaAustralian departmental store removed 30 positions from company?s executive and senior management team in a bid to reduce cost and strengthen earnings with strong consumer base. The cut comes under the leadership of new CEO John King who took up the...
Retail Food Group Limited (ASX: RFG)- Retail Food Group hit $306.7 million loss
August 31, 2018 07:07 AM AEST| By Team Kalkine MediaFood Franchisor Retail Food Group plunged to $306.7 million loss in financial year 2018 after booking $402.9 million expenses in relation to stores closure, restructuring costs and impairment of assets. The operator of Gloria Jean?s and Donut King f...
Redbubble Limited (ASX: RBL) - Redbubble revenue moves up accompanying losses
August 23, 2018 02:01 PM AEST| By Team Kalkine MediaRedbubble Limited (ASX: RBL), the online platform for independent artists, today announced results for the year ending 30 June 2018, posting a leap of 29.7% in group?s revenue to $182.8 million. However, losses increased during the year, reporting ne...
Shaver Shop Group Limited (ASX: SSG) - Shaver Shop’s sales up but profit down by 27%.
August 23, 2018 05:37 AM AEST| By Team Kalkine MediaPersonal Grooming retailer today reported decline of 27% in net profit after tax, bringing it to $6.6 million in fiscal year ended 30 June 2018. However, company?s total sales were up by 8.7% to $154.9 million backed by online sales growth of 47.4% a...
The A2 Milk Company Ltd - Witnesses surge with outstanding financial performance in FY18
August 22, 2018 06:45 AM AEST| By Team Kalkine MediaOutstanding financial performance in FY 18: The A2 Milk Company Ltd.?s (ASX: A2M) stock surged 5.5% on August 22, 2018 after the company delivered outstanding financial performance in FY 18 with 116% growth in net profit after tax to NZ$195.7 million...
Scentre Group (ASX: SCG) – Stock price dip despite rise in profit
August 22, 2018 01:05 AM AEST| By Team Kalkine MediaScentre Group released its results for the half year to 30 June 2018 and the performance entailed Funds from Operations to be $657.2 million, indicating a 3.1% rise to 12.38 cents per security and 2% growth in distribution of 11.08 cents per security...
Super Retail Group Ltd.’s stock surged after posting a 7% rise in profit for FY18
August 21, 2018 06:08 AM AEST| By Team Kalkine MediaStrong FY 18 Performance: Super Retail Group Ltd.?s (ASX: SUL) stock surged about 8% on August 21, 2018 (before market close) as the company for FY 18 reported 7% rise in Normalised Net Profit After Tax (NPAT) to $145.3 million. The total group sales...
2 Supermarket Giants on a downtrend - Woolworths and Wesfarmers
August 20, 2018 06:02 AM AEST| By Team Kalkine MediaWoolworths Group Limited (WOW)? Woolworths shares were initially dragging the Australian share market lower, but later slipped down 0.98% to $29.31 by mid-day trading on August 20, 2018, despite posting 12.5% jump in profit for Fiscal Year 2018. Ret...
InvoCare Limited is on a buying spree
August 02, 2018 07:32 AM AEST| By Team Kalkine MediaAcquisition of Grafton & District Funerals and Clarence Valley Funerals: InvoCare Limited (ASX:IVC), largest provider of funeral services in Australia, New Zealand and in Singapore, saw its stock rising by 2.56% on August 02, 2018 after the compa...
Redbubble Ltd reported unaudited financial and operating performance for the fourth quarter and for the full year 2018
July 24, 2018 08:01 AM AEST| By Team Kalkine MediaStrong financial and operating performance for the fourth quarter and the full year to 30 June 2018: Redbubble Ltd.?s (ASX: RBL) stock witnessed a rise of 5.56% on July 24, 2018 after the company delivered revenue growth above 30% on a constant curre...
Aumake International Ltd reported for strong June 2018 quarter performance
July 17, 2018 07:33 AM AEST| By Team Kalkine MediaStrong June 2018 Quarter Performance: Aumake International Ltd.?s (ASX: AU8) stock surged 12.50% on July 17, 2018 after the company gave operational and financial performance update for the June 2018 quarter. During the June quarter 2018, the company...
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