Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.52% at lunch.
The Transurban Group (ASX: TCL) share price is down 1.8% after reporting its half year result. Proportional EBITDA increased but it’s currently going through a lot of investment, so profit after tax fell 56%.
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Shares of annuity market leader Challenger Ltd (ASX: CGF) are up 2% after reporting its official half year result to the market, the company maintained its dividend.
The Pact Group Holdings Ltd (ASX: PGH) share price is down 7.25%, it said that it’s going to make a significant writedown of its assets and goodwill in the upcoming report.
The share price of Super Retail Group Limited (ASX: SUL) is up 0.9%, the retailer revealed revenue and profit growth for the upcoming report, however underpayment of managers will be a large cost and the CEO is stepping down.
Shares of Macquarie Group Ltd (ASX: MQG) are up nearly 2.5% – the Australian-based global investment bank said profit could grow up to 15% in FY19 in a trading update.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).