Reporting season wrap: Monday's highlights
Written on the 19 February 2018 by David Simmons
Monday was a big day for listed companies, with Domain, oOh!media, Brambles, SEEK, NIB, InvoCare, GWA Group, Cash Converters, Perpetual, Infigen, and Argo all reporting.
Domain reports loss following Fairfax spin-off
Domain Holding's (ASX: DHG) first-half underlying profit has slipped 8.1 per cent to $24.7 million, dragged down by a spike in company costs. The real estate business reported a statutory loss of $3.4 million for the first six months due to costs relating to its spin-off from Fairfax Media.
oOh! boosts profit
oOh!media (ASX: OML) has boosted its full-year profit to $33.2 million, with the lift powered by the previous year's acquisitions. Profit for the first 12 months increased from $24.9 million a year earlier due to a 13.1 per cent boost in revenue.
Brambles triples profit
Brambles (ASX: BXB) has posted a half-year profit of $565.65 million, more than triple the result from a year ago. Revenue was up 5 per cent to $US2.75 billion.
SEEK makes a recovery
Job portal SEEK (ASX: SEK) lifted its first-half profit 21 per cent to $102 million, and has tipped full-year profit to be in the upper end of its guidance. Sales revenue has risen 27 per cent to $620.3 million for the six months to December 31, from $487.9 million a year ago.
NIB says private health on a downturn
Health insurance provider NIB's (ASX: NHF) first-half profit dipped 1.3 per cent to $70.9 million. The group raised its guidance for full-year operating profit from $155 million to at least $165 million and expects net profit of $148 million - up from $119.6 million in 2017.
Profit increase for InvoCare
Private funeral, cemetery and cremation operator InvoCare's (ASX: IVC) earnings after tax increased by 10.6 per cent to $63.5 million. The group's statutory profit after tax of $97.4 million was up 37.3 per cent.
GWA reports profit as divisions make a turnaround
GWA Group Limited (ASX: GWA) announced a 7 per cent increase in NPAT to $27.7 million for the half-year. Earnings increased by 6 per cent to $41.8 million, driven by a three per cent increase in earnings in Bathrooms & Kitchens and a significant turnaround in the performance of the Door & Access Systems division.
Cashies exceeds guidance
Cash Converters (ASX: CCV) announced NPAT of $9.4 million, exceeding guidance by 2.2 per cent. The group also reported revenue of $122.9 million.
Perpetual reports profit
Perpetual Equity Investment Company (ASX: PPT) reported NPAT of $20.7 million and announced a fully franked interim dividend of 3 cents per share, a 36 per cent increase on 1H17.
Infigen scores windfall profit
Wind farm operator Infigen Energy's (ASX: IFN) profit has jumped 25.1 per cent to $26.7 million, boosted by higher electricity prices and lower costs. Revenue for the six months has lifted 2.5 per cent to $118.2 million.
2017 was healthy for Argo
Argo Global Listed Infrastructure (ASX: ARG) has recorded a profit of $7.2 million following a strong 2017.
Business News Australia
Author: David Simmons