CORPORATE PROFITS – AUSTRALIA

Sunbeam blenders help to cook up profit surge at GUD

roymorgansocial Leave a comment

Original article by Jared Lynch, Simon Evans
The Australian Financial Review – Page: 16 : 31-Jul-15

Australian-listed GUD Holdings has posted a 2014-15 net profit of $A33.2m, which is 88 per cent higher than previously. Group revenue was three per cent higher at $A611.5m. The Sunbeam appliances division recorded underlying EBIT of $A7.3m. The 383 per cent increase has been attributed to the introduction of new products and reduced freight costs. GUD Holdings’ shares closed 10.9 per cent higher at $A9.38 on 30 July 2015.

CORPORATES
GUD HOLDINGS LIMITED – ASX GUD, SUNBEAM CORPORATION LIMITED, DEXION LIMITED, DAVEY PRODUCTS PTY LTD, RYCO PTY LTD, OATES CLEAN, JARDEN CORPORATION LIMITED

Navitas flat forecast has shareholders nervous

roymorgansocial Leave a comment

Original article by Yolanda Redrup
The Australian Financial Review – Page: 16 : 28-Jul-15

Listed education provider Navitas has posted a 2014-15 after-tax net profit of $A71.8m, which is 39 per cent higher than previously. CEO Rod Jones concedes that investors may have expected a higher profit, but describes it as "reasonable". EBITDA rose by 13 per cent to $A163.1, while revenue was 12 per cent higher at $A980.3m. Jones has advised that the group’s 2015-16 profit will be similar to its latest result.

CORPORATES
NAVITAS LIMITED – ASX NVT, KATANA ASSET MANAGEMENT LIMITED, MACQUARIE UNIVERSITY, STUDY OVERSEAS NOW PTY LTD, NAVITAS RESOURCES INSTITUTE, SYDNEY INSTITUTE OF BUSINESS AND TECHNOLOGY

Upbeat run-in to reporting season puts 6000 target back on radar

roymorgansocial Leave a comment

Original article by Rose Powell
The Australian Financial Review – Page: 21 : 22-Jul-15

Just 16 Australian-listed companies have issued earnings downgrades in the lead-up to the August 2015 profit-reporting season. Nader Naeimi of AMP says there is potential for the benchmark S&P/ASX 200 Index to reach the 6,000-point level during the reporting season, although he doubts that it will rise much further. Meanwhile, Credit Suisse has scaled back its end-of-year forecast for the S&P/ASX 200 from 6,500 to 6,000 points.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP LIMITED – ASX AMP, CREDIT SUISSE (AUSTRALIA) LIMITED, CLSA AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, AFFINITY EDUCATION GROUP LIMITED – ASX AFJ, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, SEEK LIMITED – ASX SEK, ARRIUM LIMITED – ASX ARI, UNITED STATES. FEDERAL RESERVE BOARD, PRIMARY HEALTH CARE LIMITED – ASX PRY, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SANTOS LIMITED – ASX STO, QANTAS AIRWAYS LIMITED – ASX QAN

Tech Mpire digital ad firm soaring two weeks after listing

roymorgansocial Leave a comment

Original article by Yolanda Redrup
The Australian Financial Review – Page: 23 : 21-Jul-15

Australian-listed Tech Mpire has made a profit of $A2.9m for June 2015, and a $A9.04m profit for the first half of the calendar year. The digital performance-based advertising group debuted on the sharemarket earlier in July, following a $A6m IPO, and currently boasts about 100 clients. Founder Zhenya Tsvetnenko says the company’s business model means it has a high client retention rate.

CORPORATES
TECH MPIRE LIMITED – ASX TMP, DIGITALBTC, GOOGLE INCORPORATED

Mirrabooka forks out 7c a share special dividend

roymorgansocial Leave a comment

Original article by Ruth Liew
The Australian Financial Review – Page: 15 : 14-Jul-15

Mirrabooka Investments has reported a 2014-15 profit of $A7.1m, compared with $A7.8m previously. The listed investment company has posted a return of 6.8 per cent for the financial year, and a five-year return of 15.5 per cent. Stocks in its portfolio that performed well in 2014-15 include Toll Holdings, Ansell, Nufarm and Blackmores. Shareholders will receive a final dividend of $A0.065 per share, plus a special dividend of $A0.07 per share.

CORPORATES
MIRRABOOKA INVESTMENTS LIMITED – ASX MIR, TOLL HOLDINGS LIMITED, ANSELL LIMITED – ASX ANN, NUFARM LIMITED – ASX NUF, BLACKMORES LIMITED – ASX BKL, LIFESTYLE COMMUNITIES LIMITED – ASX LIC, COVER-MORE GROUP LIMITED – ASX CVO, ISELECT LIMITED – ASX ISU, VEDA GROUP LIMITED – ASX VED, AMA GROUP LIMITED – ASX AMA, SIMS METAL MANAGEMENT LIMITED – ASX SGM, JAPAN POST COMPANY LIMITED, CITADEL GROUP, STANDARD AND POOR’S ASX MIDCAP 50 INDEX, STANDARD AND POOR’S ASX SMALL ORDINARIES GROSS ACCUMULATION INDEX

Bell Financial Group rings in strong first half

roymorgansocial Leave a comment

Original article by Joyce Moullakis
The Australian Financial Review – Page: 16 : 10-Jul-15

Australian-listed Bell Financial Group has posted an $A8m consolidated unaudited profit for the first six months of 2015. This was 300 per cent higher than its result for the same period in 2014. Group revenue was 18 per cent higher, with equity capital markets and equities execution revenue up 37 per cent and 16 per cent respectively. The group’s shares closed 11.6 per cent higher at $A0.48 on 9 July.

CORPORATES
BELL FINANCIAL GROUP LIMITED – ASX BFG, ASX LIMITED – ASX ASX, CHI-X AUSTRALIA PTY LTD, BELL DIRECT

Crown faces earnings fall after Macau weakness

roymorgansocial Leave a comment

Original article by Perry Williams
The Australian Financial Review – Page: 21 : 8-Jul-15

Australian-listed Crown Resorts’ casino joint venture in Macau recorded a 36.2 per cent decline in gross gaming revenue in June 2015, with revenue falling for the last 13 months. However, the group’s casino in Melbourne is performing well. Deutsche Bank has reduced its 2014-15 earnings forecast for Crown Resorts from $A512.1m to $A481.2m.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, MELCO CROWN ENTERTAINMENT LIMITED, CROWN MELBOURNE LIMITED, CROWNBET, BETEASY PTY LTD, ASPINALL’S CLUB LIMITED, BETFAIR AUSTRALASIA PTY LTD, BETFAIR AUSTRALIA PTY LTD, DEUTSCHE BANK AG, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP

Debt-free Pac Brands upgrades profit

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 3-Jul-15

Shares in Pacific Brands gained $A0.165 to close at $A0.49 on 2 July 2015, after the clothing and homewares group lifted its earnings forecast. Pacific Brands’ revised guidance is for 2014-15 underlying EBIT to be within the range of $A63m to $A65m, compared with market expectations of about $A60.1m. Meanwhile, asset sales have allowed the group to be free of debt for the first time since its sharemarket debut in 2004.

CORPORATES
PACIFIC BRANDS LIMITED – ASX PBG, BONDS INDUSTRIES LIMITED, SHERIDAN AUSTRALIA PTY LTD, HARD YAKKA, VOLLEY, GROSBY FOOTWEAR, KING GEE CLOTHING COMPANY, WESFARMERS LIMITED – ASX WES, EVERLAST PTY LTD, SLAZENGER, DUNLOP SPORT, ANCHORAGE CAPITAL PARTNERS PTY LTD, IBML CAPITAL PTY LTD, THE PAS GROUP LIMITED – ASX PGR, DESIGNWORKS LIMITED, WOOLWORTHS LIMITED – ASX WOW, BIG W DISCOUNT STORES, TARGET AUSTRALIA PTY LTD, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED

Banks among those at risk of downgrade

roymorgansocial Leave a comment

Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 30-Jun-15

Citigroup has identified a number of Australian companies that could potentially issue earnings downgrades during the upcoming reporting season. They include Myer Holdings, BlueScope Steel, Fairfax Media, Bank of Queensland and Boart Longyear. Several companies have already issued earnings downgrades, including Flight Centre, Woolworths and SEEK. However, Citigroup believes that Caltex Australia and Wesfarmers could upgrade their earnings expectations.

CORPORATES
CITIGROUP PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, BLUESCOPE STEEL LIMITED – ASX BSL, FAIRFAX MEDIA LIMITED – ASX FXJ, BANK OF QUEENSLAND LIMITED – ASX BOQ, BOART LONGYEAR LIMITED – ASX BLY, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, WOOLWORTHS LIMITED – ASX WOW, SEEK LIMITED – ASX SEK, CALTEX AUSTRALIA LIMITED – ASX CTX, WESFARMERS LIMITED – ASX WES, PACIFIC BRANDS LIMITED – ASX PBG, MONADELPHOUS GROUP LIMITED – ASX MND, NEWS CORPORATION – ASX NWS, APN NEWS AND MEDIA LIMITED – ASX APN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, REECE AUSTRALIA LIMITED – ASX REH, McMILLAN SHAKESPEARE LIMITED – ASX MMS, TRADE ME GROUP LIMITED – ASX TME, REA GROUP LIMITED – ASX REA, SPARK NEW ZEALAND LIMITED – ASX SPK, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, GWA GROUP LIMITED – ASX GWA, NEXTDC LIMITED – ASX NXT, METCASH LIMITED – ASX MTS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

GWA Group cuts earnings guidance

roymorgansocial Leave a comment

Original article by Tim Binsted
The Australian Financial Review – Page: 15 : 30-Jun-15

GWA Group has advised that it will write down the value of the Gliderol garage doors business by around $A25m in its 2014-15 accounts. GWA has agreed to sell the business to Reliance Doors for about $A7m, after buying it for $A42m in 2010. Meanwhile, GWA now anticipates that its trading EBIT for the financial year will be within the range of $A67m to $A69m, compared with earlier guidance of about $A70m.

CORPORATES
GWA GROUP LIMITED – ASX GWA, GLIDEROL ROLLER DOORS PTY LTD, RELIANCE DOORS PTY LTD, DUX HOT WATER, BRIVIS, CAROMA INDUSTRIES LIMITED, GAINSBOROUGH, FOWLER, HUNTER GREEN PTY LTD