Posts Tagged ‘annual results’

ANZ profit thumped by bad debt

Thursday, October 29th, 2009

ANZ’s annual results provide a mixed bag of ups and downs.

The underlying profit for the year was up 10% to $3.37 billion, revenue was up 17%, but net profit fell 11% to $2.94 billion.

A sharp 29% rise in bad debts, mostly coming from New Zealand, is a weighty factor in these results. Institutional business, however, rose by a healthy 36%.

The full-year dividend will be 56 cents a shares, down 25% on last year.

CEO Mike Smith says the Australian economy remains fragile, and that caution would be prudent in the current environment.

Shares in ANZ have risen 53% this year, but have dropped on early trading this morning.

ANZ Banking Group
ASX Code: ANZ

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BHP profits down, but not out

Thursday, August 13th, 2009

It might seem like a profit slump for BHP, but a 30% decrease in annual underlying profit still leaves the miner with an appealing balance sheet.

After seven consecutive years of record profits, BHP has posted an underlying full-year profit of US$10 billion (A$12.8 billion), and a net profit of US$5.8 billion, down 62%.

In better news however, commodity prices, which slumped in the first half of 2008-09, have stabilised in the second half. Also, a healthy stockpile of cash has CEO Marius Kloppers making noises about unspecified acquisitions and project development.

In further good news for shareholders, the full year dividend of 82 US cents per share represents an increase of 17.1% on the previous year.

ASX Code: BHP
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The Festival of Company Reporting

Monday, February 23rd, 2009

Company reporting season is in full swing, and this week will be a particularly busy one. It s also expected to be fairly unpleasant, as the impact of the economic flop will be reinforced by results from some of our biggest companies.

Keep an eye out for how the market responds when some of these companies release their annual and half-year results:

Monday

  • Transfield, Fairfax Media, Bluescope Steel and Virgin Blue first-half results
  • Thinksmart annual results

Tuesday

  • Oil Search, Spark Infrastructure, and Aristocrat Leisure annual results
  • Macquarie Media, AWE, B&B Wind Partners and Suncorp first-half results

Wednesday

  • APN News & Media Communications and Macquarie Airports annual results
  • APA Group and NIB half-year results
  • Asciano, ConnectEast, Pacific Brands, Seven Network, Goodman Fielder, Macquarie Telecom, B&B Infrastructure, Breville and Mortgage Choice first-half results

Thursday

  • Wesfield and Boart Longyear annual results
  • Telstra, IAG, Lend Lease, Origin Energy, Gunns, Village Roadshow, Toll, Tatts and Flight Centre first-half results
  • Lion Nathan, Arana Therapeutics, Rox Resources and Fall River Resources AGMs

Friday

  • QBE Insurance and Funtastic annual results
  • Crown, PaperlinX, Nylex, Woolworths, Harvey Norman, Consolidated Media and B&B Power half-year results
  • B&B Capital and SP Telemedia GMs
  • Timbercorp AGM

Auditors will be paying particular attention to results from small companies this reporting season, with concerns that many may be unable to guarantee being in business for another year. An article in today s Australian Financial Review suggests that though the credit crunch may impact on results the concerns raised by auditors should not necessarily be a red light for investors.

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