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ASX Earnings Wrap – August 18th

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ASX EARNINGS WRAP

Company Earnings – MPC Portfolio’s

  • CSL (CSL) – Balanced portfolio Blood products giant CSL has lifted full year underlying profit 10 per cent to $US2.61 billion ($4 billion) after a surge in sales of its core immunoglobulin division led by blockbuster therapies Privigen and Hizentra. Despite the warning from the company last quarter, it was a strong result with revenues up 31%, Net profit up 20% and Net profit after tax (NPAT) up 8%. CSL had a strong outlook for all business divisions and a reduction in CAPEX of 30% next year.

+3.8% for the week

  • Yancoal (YAL) Balanced portfolio– Yancoal delivered earnings Wednesday, banking a 973m net profit and declaring 37c dividend for the last 6 months, a total of 107c this year (21%) operating costs were higher and average sale price was weaker, however this was largely priced in. the intention for the company to maintaining a minimum payout ratio of 50% with no debt and $1B in cash, YAL is likely to have a strong day

+4.9% for the week

Other Company Earnings

  • Ansell (ANN)– Ansell’s sales declined 15.2 per cent in FY23 to $US1.65 billion, while its EBIT dropped 15.8 per cent to $US206.3 million. The company declared a final dividend of US25.80¢, taking its full-year dividend to US45.90¢.
  • ASX Ltd (ASX: ASX)– The market operator’s net profit fell 38% to $317.3 million due to costs related to the failed CHESS project. A final dividend of $1.12 was announced.
  • Challenger (CGF)– Retirement products provider Challenger says its normalised net profit before tax increased 10 per cent to $521 million while statutory profit gained 13 per cent to $288 million. The profit lift was on the back of record annuity sales, which increased 8 per cent. Domestic retail annuity sales rose 53 per cent to $3.6 billion
  • Cohlear (COH)– Cochlear says its sales revenue increased 19 per cent to $1.96 billion in financial year 2023. The company declared a final dividend of $1.75 a share. Implant units increased 16 per cent. Cochlear said it was driven by a combination of market growth, improved clinical capacity, market share gains and COVID-19 catch-up surgeries
  • Domain Holdings (DHG: ASX) – The company’s net profit fell over 28% to $38.6 million due to a drop in real estate listings. A final dividend of 4 cents a share was declared.
  • Ingham Group (ING: ASX) – The poultry company reported a 72% jump in full-year net profit to $60.4 million. A final dividend of 10¢ was declared.
  • Goodman Group (GMG: ASX) – The property giant reported a 54% drop in statutory profit to $1.56 billion but saw a valuation gain of $800 million across its assets.
  • GUD Holdings (GUD: ASX): 252% profit surge to $98.6 million in 2022-23, bolstered by AutoPacific Group acquisition. Revenue up 25.4% to $1.04 billion with a 22¢ final dividend.
  • HealthCo Healthcare & Wellness REIT (HWC:ASX): Forecasts 16% earnings growth for 2024 after the $1.2 billion Healthscope acquisition.
  • HomeCo REIT (HDN)– Statutory profit fell 70 per cent at convenience mall landlord HomeCo Daily Needs REIT as the trust absorbed the impact of about an $87 million write down in the value of its $4.7 billion portfolio. This was driven by an 11-basis-points increase in capitalisation rates or yields to 5.46 per cent, partially offset by rental growth. Operationally, the trust which bedded down the acquisition of homemaker centre owner Aventus during the 2023 financial year, delivered funds from operations of $177.1 million or 8.6¢ per unit in-line with guidance.
  • Life360 (360: ASX): Q2 net loss of $US4.4 million but 45% revenue growth to $US70.8 million. Raised 2023 guidance to $US9-14 million EBITDA.
  • Origin Energy (ORG: ASX) – The energy company reported an 83.5% increase in full-year core net profit to $747 million. A final dividend of 20¢ a share was declared.
  • Seek (SEK:ASX): 5% share drop, 10% revenue growth to $1.23 billion, 16% NPAT decline to $202 million, and 23¢ dividend. VC portfolio, Seek Growth Fund, grew by 41% since August 2021
  • Seven Group (SVM: ASX) – The conglomerate reported a 15% increase in EBITDA to $1.69 billion and a 36% rise in net profit to $604 million. The final dividend was set at 23¢ a share.
  • Sims’ Metals Management (SGM: ASX): Acquired Baltimore Scrap Corporation for $177 million to capitalize on “green” steel demand.
  • Sonic Healthcare (SHL: ASX) – The company’s revenue rose 11% to $7.7 billion, but NPAT declined 53% to $685 million. The final dividend was increased to 62 cents per share
  • Telstra (TLS: ASX) – The telecoms giant reported a 13% rise in annual net profit to $2.05 billion. It plans to retain its InfraCo Fixed business and announced a final dividend of 8.5¢ per share.
  • Temple & Webster (TPW: ASX): 7.2% sales decline and 30% bottom-line drop to $US8.3 million.
  • Treasury Wine Estates (TWE: ASX): 14.2% earnings growth from Penfolds and chairman Paul Rayner’s retirement announced.
  • Transurban (TCL) – Transurban’s annual net profit has risen five-fold to $92 million after income from toll fares jumped 26 per cent to more than $3 billion.

 

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