Peet posted positive FY16 results with operating profit 11% to $43 million despite a 24% decline in revenue and flat EBITDA result. The strong property market performance over the past 5 years has fueled this result as Peet has effectively ridden the property cycle. Performance within Western Australia and the Northern Territory regions have been poor but this has [...]
APA Group has posted positive results in FY16 with revenue and EBITDA increasing by 48% and 62% respectively as a result of its acquisition and investment heavy strategy. Excluding the recent inorganic earnings growth, the group’s results were still solid with revenue growth at 6%. APA Group’s largest segment is energy infrastructure, accounting for 94% of EBITDA, had a strong [...]
Wesfarmers posted flat FY16 results with Net Profit After Tax (NPAT) excluding significant items at $2.4 billion which is a 3.6% decrease over the previous period. Similarly, EBITDA before significant items was $2.6 billion which is a 46.9% decrease over the previous period. These results are the combination of mixed performances within the group segments. Those performing well are Coles, [...]
Qantas posted record results for the FY16 as underlying EBITDAR increased by 22% to $3.4 billion on the back of a 2.4% increase in revenue. This was driven by the group’s 3-year transformation program which saved the group from the brink in late 2014. Jetstar Group and Qantas International were the standout performers delivering EBIT growth of 97% and 92%, [...]
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 [...]
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