CBA profit soars as bad debts drop
DANNY JOHN 10:15am CBA delivers on its promise of super-charged profits for its latest half year with cash profit hitting $2.94b - but that won't flow through to dividends.
BHP dashes hopes for buyback as profit slips
10:13am Global miner BHP Billiton signals caution over a global recovery, after reporting its weakest first-half profit in four years - but beating market forecasts.
Stockland swings back to profit
9:52am Property company Stockland has swung back to a profit in the first half of 2009-10 and says its entering the second half in "the strongest shape".
Devine posts first-half profit plunge
9:51am Queensland-based home builder Devine has reported an 89.5 per cent fall in first-half net profit, but says its full year operating result should be up to 25 per cent higher than last year.
Suncorp predicts rising net profit
9:20am Banker and insurer Suncorp-Metway Ltd says its first half net profit will be higher than in the first half of 2008/09, following a strong contribution from its insurance business.
Boral profit falls amid gloomy outlook
9:08am Building products supplier Boral's first half net profit falls and outlook for the second half of the year ‘‘remains difficult’’.
AV Jennings in profit again, says new challenges ahead
12:52pm Residential developer AV Jennings' first half results are back in the black after structural changes and a resilient Australian housing market.
DJ's outshines Myer - again
ELIZABETH KNIGHT 11:33am It must be tough for Myer boss Bernie Brookes to constantly have his performance measured against the smaller but better performing rival David Jones.
Cochlear net profit jumps 8%
ELI GREENBLAT Bionic-ear implant company Cochlear has reported a first-half net profit of $75.25 million, up 8 per cent on the previous corresponding period, as sales dipped slightly on currency exchange rate movements.
BKI first-half profit gains 36.4% on special dividend
12:07pm BKI Investment Company Ltd increased first half profit by 36.4 per cent as the equity investor benefitted from a special dividend from its biggest investment coal miner, New Hope Corporation.
Moore's mood lifts as Macquarie evolves
DANNY JOHN 10:49am A profit of about $1 billion may be less than some had hoped for but is a reasonable outcome as Macquarie moves to become a global trading house.
Australand profit drops 31% - and there's more coming
Australand Property Group has posted a 31 per cent fall in calendar 2009 operating profit and says it expects to see a similar result this year.
Becton sees another first-half loss for 2009-10
Becton Property Group expects to report another loss for the first half of its financial year.
Optus customer growth drives 16% profit rise
Optus says third quarter net profit grew by 16 per cent with mobile revenues and customer numbers continuing to rise.
David Jones flags higher dividend
David Jones upgrades its earnings outlook as it reports 3.1 per cent growth in second-quarter sales.
Macquarie shares slump despite profit upgrade
ERIC JOHNSTON Macquarie Group's shares slide the most in 8 months after a cautious profit upgrade that fell short of the amount some analysts had been tipping.
Bradken first-half profit falls 26.4%, sees improvement ahead
Bradken has posted a 26.4 per cent decline in first half profit after the company felt the brunt of the economic downturn, and is looking forward to an improvement in trading conditions.
Reckon reports 20% rise in annual net profit
Software group Reckon has reported a 20% increase in annual net profit and announced a share buy back.
Rates set to jump, regardless of RBA: experts
CHRIS ZAPPONE Banks will probably raise interest rates above and beyond any official increases announced by the Reserve Bank over the next few months as they move to shore up margins after the federal government ends its wholesale funding guarantee.
Avoca tips maiden profit in half-year results
Gold miner Avoca Resources is expecting to unveil a maiden first half pre-tax profit of $40.5 million.
JB's Uechtritz to bow out on top
ELI GREENBLAT JB Hi-Fi boss Richard Uechtritz has achieved a rare feat among corporate chiefs - choosing the timing of his own departure.
Record results for JB Hi-Fi as Uechtritz to exit
Retailer reports a 29% increase in first-half profit and announced CEO Richard Uechtritz will step down. Shares fell.
ResMed books 42% lift in first-half net income
ResMed Inc says it is well positioned for the future, after the sleep management company booked a 42 per cent rise in net income for the first half of the 2009-10 financial year.
Virgin Blue lifts full-year profit outlook
MATT O'SULLIVAN Virgin Blue bolsters expectations of a broad recovery in the hard-hit travel industry after upgrading its pre-tax profit forecasts.
Biota's Relenza royalties surge
ELI GREENBLAT Biota estimates royalties will top $32m for the December quarter for its Relenza flu drug.
Harvey Norman gives upbeat outlook
ELI GREENBLAT Harvey Norman reports a 4 per cent increase in first-half sales and says it expects first-half profit to increase by more than 40 per cent.
MAp's Brussels Airport sees improved earnings, traffic
Airport owner MAp Group says its Brussels Airport recorded a 5.8 per cent drop in annual earnings but traffic levels are beginning to improve.
ARB expecting to double first-half profit
Automotive group ARB Corporation Ltd says it expects first half profit to double after it achieved sales records in the lead up to Christmas.
Myer holds off lifting profit outlook
ELI GREENBLAT Myer declines to raise its full-year earnings guidance, despite a better-than-expected first-half result. Shares slide.
Keybridge capital reports $39m loss, priority to repay debt
Keybridge Capital, which invests in structured finance transactions, has posted a $39.2 million first-half loss and says its priority is to repay its almost $200 million in debt.
Challenger Wine first-half profit dips but shares soar
Challenger Wine Trust (CWT) has posted a small fall in first half profit and says the wine industry is facing major issues in the short term that will lead to lower grape prices.
Reece first-half earnings to be 15% higher than year earlier
Hot water heater maker Reece Australia Ltd says normalised net earnings for the six months to December 31 are likely to be 15 per cent higher than a year earlier.
Tabcorp profit squeezed by cash-strapped punters
Tabcorp reports a small drop in first-half net profit, as fees on horse races rose and punters had less to spend without government cash handouts.
Roc Oil shares plunge over cut in reserves
Roc Oil has slashed its oil reserves estimate by 20-25 per cent after a reservoir simulation at a key field, sending its shares down by over 30 per cent.
AMP mulls options as AXA highlights Asia assets
Takeover target AXA Asia Pacific has highlighted the funds flow performance of its Asia assets three days before French parent AXA SA can begin talks over NAB’s $13.29 bid for the local unit.
Devine reports strong sales ahead of results
Property developer Devine has reported strong first half residential housing and land sales ahead of the release of its interim financial results this month.
Profit upgrade: IAG shares soar
Insurance Australia Group is the latest company to join a rush of corporates upgrading their profit forecasts as the economy rebounds.
Avatar propels News Corp back to profit
News Corp shares jump as the media giant returns to profit in its second quarter, helped in part by the box office success of ''Avatar''.
Rural Bank reports better first-half performance
Rural Bank has posted a higher net profit for the first half of the 2009/10 financial year as a result of improved interest margins and tight control over costs.
Aevum swings to profit
Retirement business Aevum has swung to a half year profit and expects economic conditions to continue to show improvements.
Arrow Energy expects half-year earnings jump
Gas producer Arrow Energy says it expects its half year earnings to be up more than 80 per cent on the corresponding period a year ago.
Western Areas exceeds production targets
Shares in Western Areas NL rose after the nickel miner said it had exceeded its calendar 2009 production target and made a strong start to 2010.
Hills shares soar on profit upgrade
Building products and electronics manufacturer lifts its first half profit by 39.9 per cent and upgraded its full-year earnings forecast.
Westfield distribution in line with guidance
Westfield Group sets an estimated distribution of $0.47 per security for the half-year ended December 31.
FlexiGroup upgrades profit forecast
Consumer finance company FlexiGroup says its full year profit is likely to come in above earlier guidance.
IMF profit hinges on three cases
Litigation funder IMF Australia says its forecast full-year profit of up to $24m is dependent on three major cases.
Ramsay shares jump after profit upgrade
Ramsay Health Care shares surge to 20-month highs after the hospital operator raised its full-year profit forecast.
Earnings face some headwinds: Moody's
Companies are likely to improve earnings gradually in 2010, but potential headwinds are emerging as well, a ratings agency says.
Aristocrat rallies on profit outlook
Aristocrat Leisure, the world's second-largest maker of slot machines, expects its operating profit to be around $116 million for the year ended December.
Company earnings likely to grow: Argo
Argo Investments says Australian company earnings are likely to grow in the period ahead after reporting that first-half profit declined 14.7 per cent.
AJ Lucas shares slump on profit warning
Shares in AJ Lucas Group drop more than 10 per cent after the company tells shareholders to brace themselves for disappointing half-year results.
Lean times over, fat profits a while off yet
IAN MCILWRAITH Profits are nice, but professional and personal investors are focused on the longer term.
Navitas first-half profit up 45%
Education provider Navitas Ltd says it lifted profit by 45 per cent in the first half of fiscal 2010 on higher student enrolments.
Origin production, sales revenue up
Origin Energy's production and sales revenue rose in the final three months of 2009 compared to the same period a year earlier, new figures show.
ERA posts profit gain as uranium price rises
Uranium miner Energy Resources of Australia has posted a 23 per cent rise in annual profit on higher revenue from sales of the mineral.
Programmed downgrades full-year earnings guidance
Programmed Maintenance Services has downgraded its full year earnings guidance due to weaker maintenance spending in the commercial and retail sectors.
Alesco cautious as first-half profit drops
Alesco Corporation remains cautious as January trading was softer than expected, after reporting a first-half profit decline of 23.2 per cent.
Newcrest records 17% production rise, maintains guidance
Gold miner Newcrest Mining recorded a 17 per cent increase in production in the second quarter of fiscal 2010, but maintained its guidance for full year production.
Perilya ready to pursue growth opportunities
Lead and zinc miner Perilya says it is cashed up and ready to pursue growth opportunities as it prepares to make development decisions on several projects in coming months.
Ex-OZMin assets hit record copper production
Chinese-owned company that controls many of the assets formerly owned by OZ Minerals achieves record copper production.
Earnings preview
Profits back in season
CHRIS ZAPPONE Expect the good news on the economic front to find its way into the balance sheets during the upcoming corporate earnings season.
Woolworths sales lack stimulus
Woolworths has posted the slowest second-quarter sales growth in at least eight years, as demand fell at its discount department stores.
Super Cheap Auto shares slump
Automotive parts and accessories retailer Super Cheap Auto Group expects a jump of at least 20 per cent in first half earnings following strong growth.
Industrea tips a rebound on China growth
Mining products provider Industrea expects second-half profits to recover after a tough first half .
Woodside output misses target
Woodside Petroleum posts a 13 per cent fall in its fourth-quarter output and misses its full-year production target.
Herd mentality points to bigger loss for AACo
Grazier Australian Agricultural Company cuts its profit guidance, saying it now expects to report a loss of $53m to $60m for 2009.
Sydney Airport lands 5.6% profit gain
Sydney Airport posts 5.6 per cent rise in unaudited profit in calendar 2009 and said it saw strong earnings growth in the final quarter.
Lihir Gold output hits new record
Lihir Gold says annual production will rise to 1.3 million ounces in 2012 on expansion of overseas operations.
Transpacific foreshadows slump in profit
Waste management business Transpacific Industries expects a drop of up to 23 per cent in first half earnings due to weaker market conditions.
AXA ups takeover stakes with strong profit
Life insurer and fund manager AXA Asia-Pacific telegraphs higher than expected profits, putting pressure on rival bidders to raise their offers.
OZ Minerals beats production forecast
OZ Minerals has exceeded its full-year copper and gold production guidance, in a successful first year at its Prominent Hill operation.
Country Road gives subdued outlook
Clothing retailer Country Road says significant set-up costs and margin pressures are likely to constrain earnings.
Computershare jumps on bullish guidance
The world’s biggest share registry, Computershare, says first-half earnings will rise 20 per cent, sending the shares to a record high.
Kingsgate beats expectations with gold output
Kingsgate Consolidated has beaten market expectations for December quarter gold production at its Chatree mine in Thailand and is planning growth projects due to the strong price for the precious metal.
Equity Trustees profit falls less as business picks up
Wealth manager Equity Trustees’ first-half profit declines 10.8 per cent, a smaller fall than the market guidance given in November.
Djerriwarrh expects recovery after profit halves
Djerriwarrh Investments anticipates a small recovery in revenue during the second half of 2009/10 after its interim net profit for 2009/10 dropped 49 per cent.
RP Data tips profit rise
Real estate information provider RP Data expects to report a first-half profit of $3.8 million, 19 per cent higher than a year earlier on strong subscription revenue.
CBA fails to ease bank fears
ERIC JOHNSTON Analysts set about hiking earnings forecasts for the Commonwealth Bank, but caution much of its additional earnings come from one-off areas.
CBA surprises with profit upgrade
Commonwealth Bank is going from strength to strength in the wake of the global financial crisis and expects a massive 44 per cent rise in first-half cash profit, helped by fewer bad debts and rallying sharemarkets.
WorleyParsons dives after profit outlook cut
WorleyParsons shares tumble after it cuts its 2010 full-year profit guidance, mostly blaming weaker conditions in the US.
Video
The week ahead with Michael Pascoe
The start of a week with some very serious corporate results - ones you measure in billions, not mere hundreds of millions.
China's soaring economy
China closed 2009 with a blistering growth performance, raising expectations the world's No.3 economy may become No.2 this year.
