Thanks for joining us for another day of earnings reports! We’re almost at the end of the week…
If you missed our live updates, here’s everything you need to know.
Qantas will launch a $400 million share buyback and has promised a host of incentives for staff and customers as it looks to repair its battered reputation and return to pre-COVID flying conditions. The airline reported an underlying loss before tax of $1.86 billion.
So in the travel world Flight Centre said it was emerging from the pandemic with a solid balance sheet. It reported a statutory net loss for the past fiscal year of $377.8m, a vast improvement on the $601.7m hit it took at the height of the pandemic.
Activist investors are seeking to expand their landmark Federal Court case against oil and gas company santos with more allegations of “greenwashing”.
Regis Resources posted a 91 per cent drop in full-year profit to $13.8m after booking $60m in post-tax non-cash adjustments, and Allkem reported an annual profit of $US305.7m, up from a loss of $US59.6m the previous year.
Absenteeism and supply chain disruptions have improved at Woolworths but the nation’s biggest grocer said they continued to be above pre-COVID levels. The grocer posted a 9.2 per cent rise in revenue for the last financial year to $60.9b.
pendulum agreed to a $2.5b merger with wealth manager perpetual. Shareholders in pendulum will get the equivalent of $6.54 a share in the merger, with one Perpetual share for every 7.5 of Pendal.
Plus, South32 said it would expand its capital management program after posting a record annual profit of $US2.6b.
Join us tomorrow as Western Farmers, Ramsay Health, BWX, Monash IVF Group, Costa Group Holdingsand Polynovo report their earnings.
The ASX closed up 50 points, or 0.71 per cent, at 7048.10.