CORPORATE PROFITS – AUSTRALIA

Souths to cash in from victory

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Original article by Joe Aston, Jessica Gardner, John Stensholt
The Australian Financial Review – Page: 3 : 7-Oct-14

The South Sydney team on 5 October 2014 won the National Rugby League grand final against Canterbury, its first such victory since 1961. The telecast of the match also brought an all-time high audience figure of close to 2.6 million for free-to-air TV network Nine. Increased merchandise sales and a boost in club membership numbers after the success will mean South Sydney records a net profits of nearly $A2m for 2014. Controversy has engulfed Rowen Craigie, CEO of South Sydney sponsor Crown Resorts, after he allegedly supported Canterbury

CORPORATES
SOUTH SYDNEY RUGBY LEAGUE CLUB, BULLDOGS RUGBY LEAGUE CLUB LIMITED, CROWN RESORTS LIMITED – ASX CWN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BRISBANE BRONCOS LIMITED – ASX BBL, NEWS CORPORATION – ASX NWS, NATIONAL RUGBY LEAGUE, UBS HOLDINGS PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, SYDNEY SWANS FOOTBALL CLUB, HAWTHORN FOOTBALL CLUB

TPG enters ring with Foxtel, FetchTV

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Original article by David Ramli
The Australian Financial Review – Page: 30 : 25-Sep-14

Internet service provider TPG Telecom will launch a premium TV service in early 2015. Craig Levy, of TPG, said that the company has provided internet-protocol TV (IPTV) for more than five years, but lacks content. TPG will compete against Foxtel, whose products are bundled with Telstra, and with internet service providers that use FetchTV. TPG posted a net profit of $A172 million for 2013-14, a rise of 15 per cent

CORPORATES
TPG TELECOM LIMITED – ASX TPM, TELSTRA CORPORATION LIMITED – ASX TLS, FOXTEL MANAGEMENT PTY LTD, FETCHTV PTY LTD, IINET LIMITED – ASX IIN, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, AAPT LIMITED, PIPE NETWORKS LIMITED, NETFLIX INCORPORATED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ

Price collapse to cost big miners $10bn

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Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

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Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

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Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Mail losses widen

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Original article by Joanna Heath
The Australian Financial Review – Page: 7 : 5-Sep-14

Australia Post has reported a 2013-14 profit of $A116.2m, including a profit of $A337.5m for its parcels business. However, its letters business posted a loss of $A328.4m, which is 15 per cent higher than previously. CEO Ahmed Fahour is seeking Federal Government approval to offer a two-tiered mail delivery service, with customers paying more for deliveries every weekday

CORPORATES
AUSTRALIA POST, AUSTRALIA. DEPT OF COMMUNICATIONS

Big things expected from small players

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Original article by Tim Boreham
The Australian – Page: 17 : 1-Sep-14

At the end of the August 2014 corporate profit reporting season, analysts say small- and medium-capitalisation stocks are set to outperform larger ones again in 2014-15. Earnings per share growth for the smaller groups was 17.7% as compared to 7% for blue chips, and is set to reach 21.7% in the current year. This is despite downgrades of between 1.5% and 3%. Among the strongest stocks have been Webjet, Slater & Gordon, G8 Education, Specialty Fashion and Nick Scali

CORPORATES
STANDARD AND POOR’S ASX SMALL ORDINARIES INDEX, WEBJET LIMITED – ASX WEB, SLATER AND GORDON LIMITED – ASX SGH, G8 EDUCATION LIMITED – ASX GEM, SPECIALTY FASHION GROUP LIMITED – ASX SFH, NICK SCALI LIMITED – ASX NCK, CAPILANO HONEY LIMITED – ASX CZZ, SELECT HARVESTS LIMITED – ASX SHV, TASSAL GROUP LIMITED – ASX TGR, TRANSFIELD SERVICES LIMITED – ASX TSE, ACRUX LIMITED – ASX ACR, CHANDLER MACLEOD GROUP LIMITED – ASX CMG, NANOSONICS LIMITED – ASX NAN, BREVILLE GROUP LIMITED – ASX BRG, SENEX ENERGY LIMITED – ASX SXY, BOART LONGYEAR LIMITED – ASX BLY, NONI B LIMITED – ASX NBL, SUBZERO GROUP LIMITED – ASX SZG, PULSE HEALTH LIMITED – ASX PHG, QANTAS AIRWAYS LIMITED – ASX QAN, ASX LIMITED – ASX ASX, CONTANGO ASSET MANAGEMENT LIMITED, SHAW STOCKBROKING LIMITED, PITCHER PARTNERS CORPORATE ADVISORY PTY LTD, LINCOLN INDICATORS PTY LTD

Perpetual returns to global equities

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Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 29-Aug-14

Listed fund manager Perpetual has reported a 2013-14 net profit of $A81.6m, which is 34 per cent higher than previously. Funds under management increased by 18 per cent to $A29.8bn. Perpetual will make a new push into international shares following the appointment of Garry Laurence to head its Global Share Fund. Perpetual shareholders will receive a final dividend of $A0.95 per share

CORPORATES
PERPETUAL LIMITED – ASX PPT, PERPETUAL’S GLOBAL SHARE FUND, THE TRUST COMPANY LIMITED, PM CAPITAL LIMITED, WELLINGTON MANAGEMENT COMPANY LLP, MACQUARIE GROUP LIMITED – ASX MQG, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, MAGELLAN ASSET MANAGEMENT PTY LTD, TYNDALL INVESTMENT MANAGEMENT LIMITED

Monash eyes small clinics and Asian leap

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Original article by Jessica Gardner
The Australian Financial Review – Page: 19 : 29-Aug-14

Australian-listed Monash IVF has reported a 2013-14 net profit of $A2.6m, compared with a $A14.6m loss in 2012-13. The group’s revenue of $A114m was 18 per cent higher than previously, and earnings were bolstered by acquisitions and demand for IVF-related services. CEO James Thiedeman has indicated that the group plans to expand in Asia

CORPORATES
MONASH IVF GROUP LIMITED – ASX MVF, VIRTUS HEALTH LIMITED – ASX VRT, PRIMARY HEALTH CARE LIMITED – ASX PRY, MACQUARIE GROUP LIMITED – ASX MQG

Investors cheer as Boral ‘turns corner’

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Original article by Bridget Carter
The Australian – Page: 18 : 28-Aug-14

Building materials group Boral has announced a 2013-14 full-year net profit increase of 181% to $A173m, although revenue declined 2% to reach $A5.2bn. The net result excluding abnormals was up 64% at $A171m. The 12-month distribution has been lifted 36% to $A0.15, and on 27 August 2014 the stock closed $A0.25 higher at $A5.63. CEO Mike Kane said the Australian-listed company was seeing a recovery in the housing market domestically as well as in the US

CORPORATES
BORAL LIMITED – ASX BLD, CSR LIMITED – ASX CSR