PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from Abacus, AMA, AUB, Nine Entertainment, Scentre, Southern Cross Media, Viva Energy & Woodside Energy
The pre-market earnings reports from several Australian companies present a mixed picture.
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PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from Abacus, AMA, AUB, Nine Entertainment, Scentre, Southern Cross Media, Viva Energy & Woodside Energy
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Abacus Group (ABG AT) - Co. H1 (AUD) net profit was 47.6mln, funds from operations fell 0.2% Y/Y to 40.1mln, revenue fell 1.6% Y/Y to 82.5mln. (Dow Jones Newsplus)
AMA Group (AMA AT) - Co. H1 (AUD) net loss was 0.9mln, normalised EBITDA rose 22% Y/Y to 30.5mln, revenue rose 6% Y/Y to 524.1mln. (Dow Jones Newsplus)
ARB Corp (ARB AT) - Co. H1 (AUD) net profit fell 17% Y/Y to 42.2mln, underlying net profit fell 14% Y/Y to 43.2mln, revenue fell 1% Y/Y to 362.2mln. (Dow Jones Newsplus)
AUB Group (AUB AT) - Co. H1 (AUD) underlying NPAT rose 14% Y/Y to 90.4mln, reported NPAT rose 34% Y/Y to 35.3mln, underlying EPS rose 14% Y/Y to 0.78, guidance raised. (Motley Fool)
Coronado Global Resources (CRN AT) - Co. FY (USD) net loss was 432.1mln, revenue fell 22% Y/Y to 1.95bln. (Dow Jones Newsplus)
HMC Capital (HMC AT) - Co. H1 (AUD) net profit was 5.8mln, revenue fell 25% Y/Y to 95.5mln, dividend 0.06. (Dow Jones Newsplus)
Maas Group (MGH AT) - Co. H1 (AUD) net profit rose 21% Y/Y to 37.9mln, underlying EBITDA rose 21% Y/Y to 115.3mln, revenue rose 35% Y/Y to 639.3mln. (Dow Jones Newsplus)
Mader (MAD AT) - Co. H1 (AUD) net profit rose 17% Y/Y to 30.5mln, revenue rose 18% Y/Y to 485.2mln. (Dow Jones Newsplus)
National Australia Bank (NAB AT) - Co. Chief Risk Officer and current acting CFO Dooley is to retire by year-end. (Dow Jones Newsplus)
Nine Entertainment (NEC AT) - Co. H1 (AUD) continuing operations net profit rose 42% Y/Y to 81.4mln, revenue fell 5% Y/Y to 1.06bln, dividend 0.045 (prev. 0.035). (Dow Jones Newsplus)
Pacific Current (PAC AT) - Co. H1 (AUD) net loss was 11.7mln, underlying net profit was 6.7mln, revenue fell 59% Y/Y to 8.5mln. (Dow Jones Newsplus)
Scentre Group (SCG AT) - Co. FY (AUD) net profit rose 69% Y/Y to 1.78bln, revenue rose 1.8% Y/Y to 2.69bln. (Dow Jones Newsplus)
Southern Cross Media (SXL AT) - Co. H1 (AUD) net loss was 7.4mln, revenue rose 21% Y/Y to 254.7mln, dividend suspended. (Dow Jones Newsplus)
Tyro Payments (TYR AT) - Co. H1 (AUD) net profit rose 72% Y/Y to 17.7mln, revenue rose 1.1% Y/Y to 251.1mln. (Dow Jones Newsplus)
Viva Energy (VEA AT) - Co. FY (AUD) replacement-cost net profit fell 28% Y/Y to 183.6mln, revenue fell 1.1% Y/Y to 28.53bln, historical-cost net loss was 421.1mln. (Dow Jones Newsplus)
Woodside Energy (WDS AT) - Co. FY (USD) net profit fell 24% Y/Y to 2.72bln, revenue fell 1% Y/Y to 12.98bln, final dividend 0.59. (Dow Jones Newsplus)
While AUB Group, Nine Entertainment, and Tyro Payments showed significant profit growth, firms like Woodside Energy and Coronado Global Resources reported declines, indicating sector-specific challenges. Investors should consider the implications of these results on overall market sentiment and the affected sectors, particularly as they reflect varying economic conditions and operational resilience in Australia.
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