DIVIDENDS – AUSTRALIA

Drop in tablet sales proves a bitter pill for JB Hi-Fi

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Original article by Bridget Carter
The Australian – Page: 19 : 12-Aug-14

Electronic goods retailer JB Hi-Fi has announced a 2013-14 full-year net profit increase of 10.3% to $A128.4m, as had been tipped. Turnover grew 5.3% to reach $A3.48bn, and was up 2% on a like-for-like basis. However the company also conceded that revenue declined 5.5% year-on-year during the month of July 2014, as consumers bought fewer tablet computers. CEO Richard Murray said new devices would compensate for this during the course of 2014-15. The 12-month distribution is $A0.84, up 16.7%, and on 11 August the stock fell $A1.53 to close at $A17.84.

CORPORATES
JB HI-FI LIMITED – ASX JBH, JB HI-FI HOME, MOELIS AND COMPANY

Map out roadwork: Transurban

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Original article by Damon Kitney, Mitchell Neems
The Australian – Page: 23 : 6-Aug-14

Toll roads operator Transurban has announced a 2013-14 full-year net profit increase of 44.5% to $A252.2m. The 12-month distribution is $A0.35, and a forecast of $A0.39 for the 2014-15 payout has also been confirmed. On 5 August 2014 the stock closed 0.9% lower at $A7.58. CEO Scott Charlton said the company applauded pledges by the State Governments of New South Wales, Victoria and Queensland to improve their roads infrastructure, but it was also calling for more co-ordination that involved the Federal Government as well

CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, TRANSURBAN CITY LINK LIMITED, WESTCONNEX, HILLS MOTORWAY GROUP LIMITED, QUEENSLAND MOTORWAYS LIMITED, UBS HOLDINGS PTY LTD, BANK OF AMERICA CORPORATION, MERRILL LYNCH (AUSTRALIA) PTY LTD, MACQUARIE EQUITIES LIMITED, MACQUARIE BANK LIMITED – ASX MBL