Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.24% at lunch.
The CSL Limited (ASX: CSL) share price is down 4.3% after the biotechnology business reported profit growth in its interim result.
Shares of Bapcor Ltd (ASX: BAP) are down almost 10% after the auto parts business reported profit growth, but said it would only hit the low end of its prior profit guidance.
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Investors in Tabcorp Holdings Limited (ASX: TAH) sent the share price down 3.9% on its profit report.
The SKYCITY Entertainment Group Limited (ASX: SKC) share price is down 2.6% after the New Zealand based casino company reported its half year profit.
Carsales.Com Ltd (ASX: CAR) shares are down 8.4% with the company suffering a slight decline in underlying profit due to issues in its domestic business.
The share price of Xenith IP Group Ltd (ASX: XIP) is up 18% because IPH Ltd (ASX: IPH) announced it had taken a 19.9% stake. The IPH share price is also up 3.5%.
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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).