August 2023

An anticipated accounting cleanup has resulted in South32 (ASX:S32) reporting a loss for the fiscal year ending on June 30. However, despite this loss, shareholders are set to receive a reduced dividend along with an additional $US50 million through the ongoing buyback program. The annual net loss for South32 was primarily influenced by a $US1.3-billion […]

Qantas has unveiled a remarkable pre-tax profit of $2.5 billion, setting a new record for CEO Alan Joyce’s final year at the helm of Australia’s largest airline. Following a significant recovery from a $860 million loss in 2021-22, the airline’s after-tax earnings surged to $1.74 billion, also marking a historic achievement. The anticipation of such

In the face of declining global coal prices, particularly thermal coal, the fiscal year 2022-23 stands as Whitehaven Coal’s (ASX:WHC) pinnacle, as the company reported unprecedented earnings in its recent Thursday announcement. Whitehaven Coal confirmed a record net profit after tax of $2.7 billion for the period ending on June 30, marking a notable 37%

A surge of financial success for Northern Star Resources (ASX:NST) has translated into record earnings and enhanced dividends for shareholders in the fiscal year ending on June 30. As the largest Australian-owned gold miner post the Newmont acquisition of Newcrest, the company recorded a 9% revenue increase, reaching $4.131 billion. While Underlying EBITDA of $1.537

Benefitting from a resurgent travel industry and ongoing government support, Air New Zealand (ASX:AIZ)has reported a profit and special dividend for the fiscal year ending in June. This marks the airline’s return to profitability and its first dividend distribution in three years. The travel boom, coupled with decreased fuel prices, enabled the airline to post

As the American retail sector faces mixed and weaker quarterly results, AI chip giant Nvidia emerges as a strong player, sending Wall Street abuzz. Nvidia surpassed earnings estimates and provided a more positive-than-expected forecast for the third quarter, leading to an almost 9% surge in its shares after hours. This followed a 3.1% rise in

The EV industry, with its eyes set on a trillion-dollar market value, is racing against time to replace the century-old internal combustion engines (ICE) that have long dominated the roads. As the demand for EVs skyrockets, the focus has shifted towards building the necessary infrastructure. However, one crucial component—graphite—has taken the backseat in the EV

Stocks ended higher on Wednesday as Wall Street awaited the latest quarterly figures from Nvidia, which has just been reported after the bell. The high-flying chipmaker that’s been bolstered by the artificial intelligence craze on Wall Street has reported $10.32 billion in data centre revenue, which was up 171% on an annual basis. Net income

The central theme driving the energy transition and decarbonisation efforts revolves around the objective of maximising the use of electricity and sourcing this electrical power from renewable and low-carbon origins. The potential inclusion of nuclear energy in this shift toward electrification is gaining traction. Many experts and governments are reconsidering nuclear energy as a replacement

Santos (ASX:STO) experienced a sharp drop to $7.73. This decline followed the company’s announcement of a 32 per cent decrease in its first-half earnings, attributed to reduced production levels and the decline in prices for both oil and LNG (liquefied natural gas). Santos’ stock closed 1.02 per cent lower. At the closing bell, the S&P/ASX