NEXTDC posted strong results for the FY16 with a 52% increase in revenue to $93 million. This resulted in a reported EBITDA of $28 million and statutory net profit of $1.8 million. NEXTDC has significantly increased its capital expenditure to $101 million funded by a combination of new debt and equity issuance. This is to fund its capabilities to meet [...]
Caltex posted neutral HY16 results with a 13% decline in operating revenue due to volatility in world crude oil prices. The group maintained a replacement cost operating profit (RCOP) EBIT of $397 million which is a 4% increase over the previous period. Within this result, the supply & marketing segment which accounts for approximately 80% of earnings performed well with [...]
Origin reported statutory loss of $589 million for the year ended 30 June 2016 which was a slight improvement on 2015 (loss of $658 million). The Energy Markets segment continued to drive the result as an improvement in natural gas volumes and margins, a stable electricity contribution (albeit slightly lower volumes) and expense management all helped the bottom line. The Integrated [...]
AMP Group (AMP) reported a Statutory Net Profit after Tax (NPAT) of $523 million, up 3.16% over the prior corresponding period (pcp). Cash profit was $513 million, down 10% on pcp, and was below expectations. The result was driven by higher claims experience (losses of $42 million) in the Australian Wealth Protection (AWP) business. Overall AMP operating earnings was $515m (down [...]
Tatts posted broadly neutral results for the 2016 financial year with revenue increasing by 4.4% to $2.9 billion. EBITDA was flat but the group was able to increase underlying net profit by 3.8% due to a $10 million reduction in interest expense. The lotteries business remains the largest division (~65% of group EBIT) with EBITDA growing by 10% to [...]
Sydney Airport reported strong results as all segments positively contribute to yearly growth in revenue and EBITDA of 11% and 9.8% respectively. This result was again driven by international passenger growth (9.3% over the year) and an increase in capacity (predominantly Asian airlines). Overall, the group continues to benefit from increased tourism from Asia (Japan +26%, Philippines +24%, China [...]
Stockland posted strong results for the 2016 financial year with underlying profit increasing by 8.5% to $660 million. This was largely driven by strong conditions for growth in the Melbourne and Sydney residential property market which led to a 38% increase in operating profit for the residential property segment. Furthermore, Stockland’s commercial property segment, which accounts for 71% of the total [...]
Crown reported a normalised EBITDA of $855 million (up 3.7% on 2015) in a year which produced a significant amount of volatility. Proceeds from the partial sale of their stake in Melco Crown Entertainment Limited (MCE) joint venture made the result look better than it really was but revenue and margins from the Australian Resorts segment (Casinos) were broadly in line with [...]
Challenger Limited (CGF) reported a Net Statutory Profit After Tax (NPAT) of $328 million (up 9.6% on 2016). This was largely due to contributions from the group’s Life segment which generated $500 million in earnings, a 9.4% increase. On the other hand, the overall NPAT growth was held back by poor performance from the Funds Management segment as its earnings [...]
Mirvac reported positive results for the 2016 financial year as operating EBIT increased by 7% to $640 million. The greatest contributor to operating EBIT is the group’s assets in the Office & Industrial segment as it makes up 56% of the Group’s EBIT. Mirvac’s portfolio in this segment has a 93% exposure to prime grade assets with 81% of the [...]
An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
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ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
