On the 16th of August 2016 Australian and New Zealand Banking Corporation (ANZ) announced a new transaction, ANZ Capital Notes 4 (Prospective ASX Code: ANZPG). The purpose of this transaction is to provide Regulatory Capital for the group but more specifically it will be treated as additional Tier 1 capital for regulatory purposes. The indicative size of the offer is [...]
On 15th August 2016 National Australia Bank (NAB) provided markets with an unaudited third quarter 2016 financial year (3Q16) update. Earnings – Cash earnings were ~$1.6 billion, ~3% lower than the quarterly average of 1H16, and ~3% lower than the prior corresponding period. Unaudited statutory net profit after tax was also ~$1.6 billion, although compositionally different to cash earnings. [...]
Rail Freight Operator Aurizon posted an 88% drop in its Net Profit After Tax (NPAT) falling to $72 million for year ended 30 June 2016. The financial result was mainly impacted by impairments ($528 million) associated with the company’s investment in Aquila Resources and the West Pilbara Iron Ore Project. Reduction in volumes also weighed on the group as it witnessed [...]
Telstra provided stable results for the year ended 30 June 2016 which were slightly ahead of guidance. Excluding discontinued operations (divestment of the Autohome Group), revenue increased by 1.5% while EBITDA slipped modestly by 0.6%. The Retail segment continues to be the primary contributor to earnings (61% of income) but EBITDA dipped by 3.9%. The decline was driven by [...]
Goodman posted strong results for the year ended 30 June 2016. Operating profit increased by 9% which was driven primarily by the group's development and management business units (EBIT up 33% and 43% respectively). These solid set of results reflect the global diversification of the group’s portfolio (59% of operating earnings derived outside Australia) consisting primarily of high quality industrial [...]
AGL Energy released positive results as underlying EBITDA and profit have increased by 12% and 11% respectively. This is largely due to management’s focus away from poor performing natural gas assets and more toward retail electricity generation & distribution. As a result, AGL Energy is positioned strongly in the current energy environment relative to its competitors such as Origin Energy. [...]
Commonwealth Bank posted a statutory Net Profit after Tax (NPAT) of $9.23 billion, a 2% increase from the 2015 financial year. Net Interest Margin (NIM) was down 2 basis points to 2.07% with operating income growing 5% at a faster rate than expenses (4%) leading to a 0.40% improvement in the cost-to-income ratio to 42.4%. This result is broadly credit [...]
Bendigo Bank posted a 1.96% drop in Net Profit after Tax (NPAT) compared to the 2015 financial year. This result was also driven by a contribution from the Home Safe (reverse mortgage product) due to strong increases in residential property markets of Melbourne & Sydney. The group experienced a flat Net Interest Margin (NIM) over FY16 as the competitive lending [...]
ANZ Banking Group’s Chief Executive Officer, Shayne Elliot, provided markets with an unaudited third quarter 2016 financial year (3Q16) update. The key take-outs were: Group – Statutory net profit after tax was $4.3 billion with the cash profit down 3% to $5.2 billion. Group Net Interest Margin (NIM) was described as being stable. Institutional - The continued rebalancing [...]
Tabcorp posted broadly stable results for the full year ended 30th of June 2016. Revenue and underlying EBITDA both showed slight improvements of 1.5% while underlying net profit increased by 8.5% due to lower interest and depreciation costs. These results exclude significant items relating to establishment of the group’s new online UK wagering business Sun Bets, AUSTRAC Civil Proceedings and [...]
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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.
