Sharemarket and Market Trading News

Read the latest Australian sharemarket trading and Australian Business news.

Australia's second largest oil and gas producer Santos (ASX:STO) has announced its full year financial results for 2012 to its shareholders and investors on the Australian stock market.

  • Santos posted an annual profit result of $519 million, down 31 percent.
  • Santos underlying profit up 34 percent to $606 million.
  • STO Annual revenue from ordinary activities up 18 percent to $3.299 billion.

Consumer foods company, Patties Foods (ASX:PFL) have announced its first half financial results for 2013 to its shareholders and investors on the Australian stock market.

  • Patties Foods Net Profit $9.1 million, down 16.5 percent from $10.8 million in the previous corresponding period.
  • Patties Foods revenue increased 5.1 percent to $125.5 million.

Surfwear company Billabong (ASX:BBG) has announced its financial results for the first half of 2013 to its shareholders and investors.

  • Billabong posted a Loss for the half year of $536.6 million, compared to a $16 million profit from the previous corresponding period.

Gold mining company Kingsgate Consolidated (ASX:KCN) has announced its first half profit results to its shareholders and investors on the Australian stock market.

  • Kingsgate Consolidated first half profit was $8.1 million, down 76 percent on the previous corresponding period.
  • The result included writedowns of $14.9 million for its exploration assets following the sale of properties in Western Australia and Queensland.

Financial Services company IOOF (ASX:IFL) have announced its half year financial results to its shareholders and investors on the Australian stockmarket.

  • IOOF Net Profit of $33.2 million for the half year, down 28 percent.
  • The financial result included one-off items such as the costs associated with the recent acquisition of Plan B Group Holdings and DKN.

Ten Network Holdings (ASX:TEN) have announced a New CEO. The incoming CEO will be its fifth CEO in 2 years.

  • Former CEO James Warburton was sacked last week.
  • Incoming Chief Executive Officer Hamish McLennan personally invested 3.13 million shares in the business or $1 million.
  • Ten had a net loss of $4.2 million for the 2012 financial year.

Packaging and stationery manufacturing company, Paperlinx (ASX:PPX) have announced its financial performance for the first half of FY 2013 to its shareholders and investors on the Australian stockmarket.

  • Paperlinx posted a $57.3 million loss, an improvement of 6 percent from a loss of $60.9 million in the previous corresponding period. The result includes an impairment charge of $24.7 million.
  • Paperlinx revenue down 33 percent to $1.46 billion.