PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings deluge
Adairs (ADH AT) - Co. H1 (AUD) net profit fell 34% Y/Y to 12.8mln, underlying EBIT declined 9.1% Y/Y to 30mln, revenue increased 5.9% Y/Y to 329mln, declared an interim dividend of 5.5c/share and said sales rose 6.4% in the first seven weeks of H2. (Dow Jones Newsplus)
Ampol (ALD AT) - Co. FY (AUD) historical-cost net profit declined 33% Y/Y to 82.4mln, replacement-cost net profit climbed 83% Y/Y to 429.2mln and revenue decreased 10% Y/Y to 31.37bln. (Dow Jones Newsplus)
Aussie Broadband (ABB AT) - Co. H1 (AUD) net profit dropped 58% Y/Y to 5.1mln, revenue grew 8.4% Y/Y to 637.8mln and declared an interim dividend of 2.4c/share. (Dow Jones Newsplus)
Austal (ASB AT) - Co. H1 (AUD) net profit advanced 21% Y/Y to 30.5mln and revenue rose 34% Y/Y to 1.11bln. (Dow Jones Newsplus)
G8 Education (GEM AT) - Co. FY (AUD) reported a net loss of 303.3mln while revenue fell 7.2% Y/Y to 948.2mln. (Dow Jones Newsplus)
Insurance Australia Group (IAG AT) - Co. announced the appointment of Amanda Whiting as Group Executive, Enterprise Growth and Simplification. (Dow Jones Newsplus)
Lendlease (LLC AT) - Co. H1 (AUD) reported a net loss of 318mln (prev. profit 48mln Y/Y), revenue declined to 2.84bln (prev. 4.53bln Y/Y), declared a dividend of 0.062/share and noted the loss included 118mln of negative property revaluations and impairments. (Dow Jones Newsplus)
Mayne Pharma (MYX AT) - Co. H1 (AUD) posted a net loss of 14.9mln, underlying EBITDA fell 8% Y/Y to 28.6mln, revenue edged down 0.5% Y/Y to 212.1mln, gross margin improved 390bps Y/Y to 65.3%, adjusted operating cash flow from continuing operations declined 41% Y/Y to 16.9mln and no interim dividend was declared. (Dow Jones Newsplus)
McMillan Shakespeare (MMS AT) - Co. H1 (AUD) net profit increased 9.3% Y/Y to 49.4mln, revenue from continuing operations rose 7.4% Y/Y to 297.4mln and declared an interim dividend of 0.62/share. (Dow Jones Newsplus)
Minerals 260 (MI6 AT) - Co. entered into a 220mln (AUD) strategic funding arrangement with Franco-Nevada, including a 170mln payment in exchange for a royalty increase to 2.45% from 1.00%. (Dow Jones Newsplus)
NIB Holdings (NHF AT) - Co. H1 (AUD) net profit was unchanged Y/Y at 82.9mln, revenue rose to 1.89bln vs 1.79bln Y/Y, underlying operating profit increased to 129.1mln vs 105.8mln Y/Y and the dividend was maintained at 0.13/share. (Dow Jones Newsplus)
Perenti (PRN AT) - Co. H1 (AUD) net profit rose 3.7% Y/Y to 58.3mln, underlying net profit climbed 12% Y/Y to 91.8mln, revenue slipped 0.1% Y/Y to 1.73bln and an interim dividend of 3.25c/security was declared. (Dow Jones Newsplus)
Praemium (PPS AT) - Co. H1 (AUD) net profit surged 70% Y/Y to 9.9mln and revenue increased 5.3% Y/Y to 56mln. (Dow Jones Newsplus)
Reece (REH AT) - Co. H1 (AUD) net profit fell 20% Y/Y to 144.2mln, EBITDA declined 5.7% Y/Y to 447.7mln, EBIT dropped 14% Y/Y to 261.9mln and revenue rose 5.6% Y/Y to 4.65bln. (Dow Jones Newsplus)
Regis Healthcare (REG AT) - Co. H1 (AUD) net profit decreased 45% Y/Y to 13.4mln, underlying net profit was marginally higher by 0.1% Y/Y at 29.7mln and revenue rose 18% Y/Y to 667.7mln. (Dow Jones Newsplus)
Stanmore Resources (SMR AT) - Co. FY (USD) reported a net loss of 47.2mln compared with a 191.5mln profit Y/Y and declared a final dividend of 8.9c/share. (Dow Jones Newsplus)