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.
