Optus says the full-year net profit delivered to its Singaporean parent company Singtel dropped 39 percent to $402 million as more customers opted for SIM-only phone plans and data price competition intensified. Revenue for the 12 months to March 31 dropped 2.0 percent to $8.95 billion as higher NBN migration revenue offset lower equipment and service revenue.
Atlas Arteria has successfully completed its $420 million placement, saying it was oversubscribed due to strong demand from domestic and offshore institutional investors. The toll road operator placed about 67.7 million new securities at $6.20 a share, a 7.5 percent discount on its last traded price. The company aims to raise $75 million through a security purchase plan
US consumer spending suffered another month of a record decline in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of US economic activity, plunged 13.6 percent last month.
#ASX #Optus #profits #Kalkine
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.