Find out how Tesla has reported a quarter net Profit amid covid19!

  • Apr 30, 2020 AEST
  • Team Kalkine

Tesla has reported a small first-quarter net profit as its CEO ranted about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company on Wednesday said it made $A24 million from January through March, its third-straight profitable quarter.

Australia's largest listed gold miner has announced a $1.1 billion equity raising, in part to fund its $US460 million ($A703 million) further stake in a goldmine in southeast Ecuador.

Newcrest Mining's capital raising consists of a $1 billion institutional placement at $27.54 a share, a seven percent discount to Wednesday's closing price, plus a $100 million share purchase plan.

Australia's export price index rose by 2.7 percent for the three months to March 31, swinging from a 5.2 percent decline in December when increased global supply of coal, metalliferous ores and metal scrap had compounded subdued demand from China.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

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