The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.01% on Monday.
Australian Dollar ($A) (AUDUSD): 70.64US cents
Dow Jones (DJI): down 0.18%
Oil (WTI): $US52.39 per barrel
Gold: $US1,308 per ounce
ASX Sharemarket News
In ASX sharemarket news, Challenger Ltd (ASX: CGF) has reported its half year result to the market. Challenger had already warned that this result would show a decline of profit.
Challenger reported that its statutory revenue fell by 20.8% and its statutory profit declined by 96.9% to $6.1 million. However, normalised profit after tax decreased by 3.9% to $199.8 million. Challenger maintained the dividend at 17.5 cents per share.
Challenger CEO Richard Howes said: “Our results for the first half have clearly been impacted by the difficult operating environment we’re experiencing, with increased market volatility, industry disruption and political uncertainty playing out across the sector.”
Expert Interview: Magellan's Hamish Douglass
Accounting software business Reckon Limited (ASX: RKN) has revealed its report for the full year to 31 December 2018.
Revenue for its continuing business fell 6% to $75.4 million, continuing EBITDA declined by 2% (click here to learn what EBITDA is), continuing net profit grew by 2% to $8.8 million. Reckon decided not to declare a final dividend for the 2018 year, although it had declared an interim dividend of 3 cents per share.
Reckon CEO Sam Allert said: “As we have said previously, we remain positive that future growth will be achieved in all division. The products & initiatives are largely market ready, and so now it simply comes down to sales and market execution.”
Toll road operator Transurban Group (ASX: TCL) has reported its half year result to 31 December 2018.
Transurban reported that proportional EBITDA increased by 9.8% to $1 billion and the business reaffirmed distribution guidance of 59 cents per share, which represents growth of 5.4% over FY18.
Transurban CEO Scott Charlton said: “Transurban employees are working to deliver our nine committed projects safely and successfully over the next five years.”
Online Value Investing Course - FREE!
How do you value an investment? Do you really understand what you’re investing in and why?
We’ve just updated our FREE business valuation course and made it available to investors like you. Complete with models, templates and tools, simply click here to access the course.
It’s completely free!
Disclaimer and warning: The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms of Service and Financial Services Guide before using this website.