February 20, 2024

Ansell (ASX:ANN), like other major industrial players this interim reporting season, has followed suit in ‘narrowing’ its earnings guidance without explicitly signaling a potential reduction in results by June 30. Telstra and Sonic Healthcare set the precedent last week, adjusting their earnings ranges downward. Ansell followed suit on Tuesday, citing a decline in first-half profit […]

Australian stocks declined as mining and energy sectors retreated, prompted by a significant overnight decline in iron ore prices and BHP reporting its weakest half-year profit in eight years. At 11:30am, the S&P/ASX 200 is 0.04 per cent lower at 7,662.40. Best and worst performers The best-performing sector is Communication Services, up 0.95 per cent.

Car components group, ARB Corporation (ASX:ARB) , will pay shareholders a higher interim dividend despite only a slight revenue increase of 0.2% in the six months to December 31. The group reported on Tuesday that revenue edged up to $341.5 million, from $340.9 million in the same period last year. That figure fell short of

BHP (ASX:BHP) has slashed its interim dividend after net earnings plummeted 86% to just $US927 million. The drop was attributed to two massive write-downs/provisions against its Nickel West business in WA and the lingering costs of the dam wall collapse at the Samarco pellet plant joint venture in Brazil with Vale. The interim dividend has

Sonic Healthcare (ASX:SHL) has increased its dividend despite significant declines in earnings during the first half of December, triggered by the easing of the Covid pandemic. The company experienced a substantial decrease in revenue from Covid testing, which plummeted by 90% to $39 million compared to the same period in 2022. EBITDA fell by 20%

As expected, the late burst in gold prices in the final quarter of 2023 helped mid-tier gold group Ramelius Resources (ASX:RMS) achieve a 42% jump in interim profit. Ramelius reported a record revenue of $348.5 million for the half, up 14% from $304.8 million in the same period last year, as the surge in gold

Manny Anton: I’m Manny Anton for the Finance News Network, and today I am talking with ABx Group. ABx Group is currently progressing three businesses, including discovering and developing an ionic absorption clay rare earth project in northern Tasmania, establishing a plant to produce hydrogen fluoride and aluminum fluoride from recycled industrial waste, and mining bauxite