Stan’s high-stakes battle in new Disney landscape

Original article by Lilly Vitorovich
The Australian – Page: 19 : 23-Aug-19

Video streaming service Stan has posted earnings of $500,000 for the second half of 2018-19, although it has made a full-year loss of $21.3m. Revenue increased by 62 per cent to $157.1m, while the number of active subscribers rose by 200,000 to 1.7 million. Stan’s costs increased by 23 per cent to $178.4m, largely due to expenditure on marketing its Disney content, which it is likely to lose when the rival Disney+ streaming service is launched in Australia in late 2019.

CORPORATES
STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WALT DISNEY COMPANY, NETFLIX INCORPORATED, FOXTEL NOW, KAYO SPORTS, AMAZON PRIME VIDEO, HAYU, PARAMOUNT PICTURES CORPORATION, VIACOM INCORPORATED, SHOWTIME, CBS CORPORATION

Economic fears don’t stop Aussies flying out

Original article by Jenny Wiggins
The Australian Financial Review – Page: 18 : 16-Aug-19

Sydney Airport advised on 15 August that it had recorded a first half net profit of $17.3 million, down 90 per cent. Domestic passengers flying through Sydney fell by 1.5 per cent in the reporting period, but international travellers flying through Sydney rose by 1.9 per cent. Roy Morgan reported recently that 26.5 per cent of Australians had taken an overseas holiday in the past year, up from just 13.1 per cent in 2000-01, and Sydney Airport’s international traveller figures were helped by tens of thousands more Australians going overseas when compared to the previous corresponding period.

CORPORATES
SYDNEY AIRPORT – ASX SYD, ROY MORGAN LIMITED

Treasury Wine answers critics with big profit

Original article by Eli Greenblat
The Australian – Page: Online : 16-Aug-19

Treasury Wine Estates released its 2018-19 results on 15 August, with the company reporting a net profit of $419.5 million, up 16 per cent. Sales increased by 17 per cent to $2.831 billion, while Treasury Wine declared a final dividend of $0.20 per share, up from $0.17. Its earnings in Asia rose 43 per cent to $293.5 million, while earnings in the Americas and Australia rose 13 per cent and 15 per cent respectively. As well as releasing its full year results, Treasury Wine also advised it had acquired the French winery Cambon La Pelouse.

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, CAMBON LA PELOUSE

Whitehaven books record profit, doles out special dividend

Original article by Nick Evans
The Australian – Page: Online : 16-Aug-19

Whitehaven Coal has reported a statutory net profit of $527.9 million for the 2019 fiscal year, while advising that its net profit after tax of $564.9 million was a record one for the company. Whitehaven’s underlying EBITDA of $1.04 billion was up $29.8 million on the previous corresponding period. Whitehaven declared a final dividend of $0.13 per share, along with a special dividend of $0.17 per share. Whitehaven achieved an average price of $US100/tonne for its thermal coal for the year, up $US2/tonne.

CORPORATES

Tabcorp says lotteries demerger calls total nonsense

Original article by James Thomson
The Australian Financial Review – Page: 15 : 15-Aug-19

Gambling company Tabcorp released its 2018-19 full year results, reporting an underlying net profit of $397.6 million, up 42.5 per cent. It was the first full-year results released by Tabcorp since its $11 billion merger with Tatts Group, with Tabcorp’s lotteries division reporting a 29 per cent increase in EBITDA to $509 million. However, its wagering and media division saw its EBITDA fall 7.9 per cent to $416 million. Commenting on calls for Tabcorp to demerge its lotteries business, CEO David Attenborough said there were no plans to do so.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED, PERPETUAL LIMITED – ASX PPT

Immunoglobulins: CSL tells rivals to lift supply

Original article by Yolanda Redrup
The Australian Financial Review – Page: 15 : 15-Aug-19

Blood product company CSL released its results for the year to 30 June on 14 August, reporting a net profit after tax of $US1.92 billion ($2.9 billion), up 11 per cent. CSL’s revenue was up by 7.9 per cent to $US8.5 billion, while the company advised that it expected its net profit to exceed $US2 billion in the 2019-20 financial year. CSL CEO Paul Perreault called on its competitors in the global immunoglobulin market to boost their output, or risk demand significantly outweighing supply.

CORPORATES
CSL LIMITED – ASX CSL

Toll back to logistics losses as Japanese parent loses face

Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 : 14-Aug-19

Logistics company Toll Holdings made a net loss of $113.8 million for the 12 months to March, according to its latest annual report. This compares to a profit of $11.2 million for the previous corresponding period, with Toll attributing the loss in part to increased transport, fuel and restructuring costs. Toll’s woes appear to have continued since then, with its parent Japan Post advising in the week ending 9 August that its international logistics unit – which includes Toll, Toll Express and JP Toll Logistics – made a net loss of $24 million for the three months to June. This compares to a loss of $8 million for the previous corresponding period.

CORPORATES
TOLL HOLDINGS LIMITED, JAPAN POST COMPANY LIMITED

JB Hi-Fi bucks trend, lifts sales and profit

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 16 : 13-Aug-19

JB Hi-Fi released its results for the 12 months ending June on 12 August, with Australia’s largest consumer electronics retailer reporting a net profit of $249.8 million, up 7.1 per cent. Sales rose by 3.5 per cent to $7.09 billion, while JB Hi-Fi declared a final dividend of $0.51 per share, bringing its total dividends for the year to $1.42. CEO Richard Murray says he is "cautiously optimistic" about the coming year, while he is forecasting sales of around $7.25 billion for 2019-20.

CORPORATES
JB HI-FI LIMITED – ASX JBH

Iron ore floods Rio Tinto with cash

Original article by Nick Evans
The Australian – Page: 19 : 1-Aug-19

Macquarie Group forecasts that Rio Tinto will report after-tax earnings of $US5.7bn for the first half of 2019, and EBITDA of $US10.9bn. The investment bank adds that iron ore is likely to account for more than 80 per cent of Rio Tinto’s earnings for the half-year, following a strong rise in the price of the steel input. Macquarie analysts also expect Rio Tinto to announce an interim dividend of $US1.76 per share, which is in line with the consensus forecast of about $US1.78 per share. Some analysts suggest that a special dividend is also possible.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, ALUMINIUM CORPORATION OF CHINA LIMITED

Fortescue expands its base in China

Original article by Paul Garvey
The Australian – Page: 23 : 26-Jul-19

Fortescue Metals Group has advised that its iron ore shipments totalled 167.7 million tonne in 2018-19, including a record 46.6 million tonnes in the final quarter. Fortescue received an average price of $US65 per tonne during the financial year, an increase of 50 per cent. The pure-play miner has forecast that it will ship between 170 million and 175 million tonnes of iron ore in 2019-20. Meanwhile, Fortescue has opened a new office in China that will allow it to sell smaller volumes of iron ore to customers.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, VALE SA