Australian Markets

Australian Markets News - Daily news about the companies listed on the Australian Sharemarket (ASX). Check the stock market news before starting your day trading!

Qantas Profit Fall


Australian airline, Qantas (ASX:QAN) have reported a fall in profit which was largely due to a 5.4 percent decline in revenue. A bigger loss was avoided due to a reduction in costs, down 4.3 percent excluding fuel expenses. Pre-tax profit for the year was $377 million, within its guidance of between $300 million and $400 million.

Cochlear Profit Results Up


Hearing implant systems manufacturer, Cochlear (ASX:COH) has announced a 19 percent increase in net profit at $130.5 million. The company has also announced a final dividend, which is 60 percent franked at $1.05.

  • Net Profit after Tax (NPAT) of $155.2 million, up 19%.
  • Successful launch of new cochlear implant system Cochlear™ Nucleus® 5 with second half CI unit sales up 20% and full year up 13% to 21,023 units

Bradken Full Year Profit


Australian mining services company, Bradken (ASX:BKN) have posted their full year profit. The company reported a net profit of $70.4 million for the 2010 fiscal year, compared to a net profit of $64.3 million the previous year, the increase providing some evidence of a recovery from the global financial crisis. Bradken said in a statement: "strong, sustained recovery from levels experienced during the GFC, with mining capital products leading and energy markets also improving".

JB Hi-Fi Reports a 26% Profit Increase


Australian Electronics Retailer, JB Hi-Fi (ASX:JBH) have reported to the sharemarket that the company has increased full year profit by 26 percent with expectations of 17 percent growth in the current year. Net profit to June 30 2010 was $118.7 million, up from $94.438 million the previous year. JB Hi-Fi reported revenue from ordinary activities up 17.4 per cent to $2.731 billion, and gross profit up 18 per cent at $594.174 million.

JB Hi-Fi Dividend

Bendigo and Adelaide Bank Reports Profit


Australian regional bank, Bendigo and Adelaide Bank (ASX:BEN) have reported a profit to their shareholders of 189.5 percent increase in full year net profit. For the 12 months to June 2010 the company's net profit was $242.6 million, up from the corresponding period the previous year of $83.8 million. Company revenue rose to $1.135 billion or 29.9 percent. Cash earnings per share was 83.3 cents, up 32.4 per cent from 62.9 cents.

Tabcorp Profit Falls


Australian gambling and gaming company Tabcorp (ASX:TAH), has seen their profit fall by 10 percent due to weaker gambling and gaming markets in Victoria and Queensland.

Tabcorp Net Profit

Hills Industries Profit Soars


Hills Industries Profit Soars
Australian manufacturer Hills Industries (ASX:HIL), which manufactures clotheslines, antennas and security equipment as well as the famous Hills hoist, have announced that it has quadrupled its profit to $40.2 million. Shares in Hills Industries soared by 11 percent on the news by 24 cents to $2.41.

Hills Industries Dividends Net Profit

Argo Investments Profits Increase


Australian diversified investment company, Argo Investments (ASX:ARG) has announced a 21 percent increase in annual net profit with a forecast in corporate profits and dividend growth.

Argo Investments Net Profits and Dividends

Navitas Increases Net Profit


Private education provider, Navitas (ASX:NVT) a company which provides of pre-university and university programmes for domestic and overseas students has announced a 31 percent increase in net profit. Navitas net profit for the year to June 30 was $64.3 million, up from $49.2 million in the previous corresponding period.

Navitas Dividends

Premier Investments Profit Forecast


Australian fashion retail holding company, Premier Investments (ASX:PMV), which owns Just Group, Jay Jays, Peter Alexander and Portmans fashion labels have stated that they expect a 3 percent improvement in annual sales for Just Grop to $870 million. Profit forecast after tax for the 2010 fiscal year for Just group is $78 to $81 million. However, the company's Portmans fashion brand posted a $18.5 million loss.

Premier Investments Profits and Dividends

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