Sharemarket and Market Trading News

Read the latest Australian sharemarket trading and Australian Business news.

Financial advisory WHK Group (WHG) have announced its first half financial results for 2013 to its shareholders and investors on the Australian stock market.

  • WHK Group posted Net profit of $5.2 million, down 22 percent from $6.7 million on the previous corresponding period.
  • WHK revenue fell 2 percent to $210.9 million.
  • WHK Group also made 123 positions redundant at the cost of $3.2 million.

Insurance company, QBE Insurance Group (ASX:QBE) have reported its full year financial results to shareholders and investors on the Australian stock market.

  • QBE Insurance Net Profit US$761 million up 8 percent from US$704 million in FY 2011.
  • QBE full year insurance profit margin was 8 percent, up from 7.1 percent.

Iron Ore Mining company Atlas Iron (ASX:AGO)has announced its first half year results for 2013 to its shareholders and investors on the Australian stock market.

  • Atlas Iron posted a full year Net Loss of $256 million, down from a $6.08 million profit in 2011.
  • The financial loss includes $455 million in impairment charges on Atlas' undeveloped Horizon 1 and 2 project areas and other tenements.

Casino company Crown Casino (ASX:CWN) have reported their first half profit results to its shareholders and investors on the Australian stock market.

  • Crown posted a $180.8 million Net Profit, down 34.1 percent from $274.4 million in the previous corresponding period.
  • The result included a $74.3 million loss on Sydney and Queensland casino operator Echo Entertainment. Crown has a 10 percent stake in Echo.

Fuel distribution company, Caltex Australia (ASX:CTX) have announced its full year profit results for 2012 to its shareholders and investors on the Australian sharemarket.

  • Caltex Australia Net Profit of $57 million, up from a loss of $714 million in the previous year.

Waste management company Transpacific Industries Group (ASX:TPI) have announced its first half financial results to its shareholders and investors on the Australian stock market.

  • Transpacific Industries Group posted a first half net profit of $42 million, up from $16.5 million in the previous corresponding period.
  • TPI underlying net profit up to $35.8 million from $25.2 million.

The world's largest scrap metal and electronics recycling company, Sims Metal Management (ASX:SGM) have announced its first half financial results for 2013 to shareholders and investors on the Australian stock market.

  • Sims Metal Management $295.5 million loss for the half year, an improvement over $633.2 million loss in the previous corresponding period.