The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.10% on Thursday.
Australian Dollar ($A) (AUDUSD): 70.96US cents
Dow Jones (DJI): down 0.27%
Oil (WTI): $US57.19 per barrel
Gold: $US1,314 per ounce
ASX Sharemarket News
In ASX sharemarket news, investors will get the chance to react further to the release of Retail Food Group Ltd’s (ASX: RFG) result for the first half of FY19.
Retail Food Group reported an ‘underlying’ net profit of $6.6 million, which fell by 73% compared to last year.
The reported statutory result was a loss of $111.1 million, which worsened by 26.5%. This loss recognises $123.7 million of non-cash impairments, write-downs and provisioning, although the company probably did pay cash at some point in the past for the items it’s now reducing in value.
Retail Food Group Executive Director Peter George said: “The 1H19 results show that the Group has gone some way towards clearing the decks and stabilising the performance of the continuing operations, although a lot of work remains to be done to ressurect the financial health and performance of the business.”
Expert Interview: Magellan's Hamish Douglass
IT wholesaler Dicker Data Ltd (ASX: DDR) was another business to report late yesterday afternoon. This was its year-end report to 31 December 2018.
Dicker Data revenue increased by 14.4% to $1.49 billion, net operating profit before tax grew by 16% $46.6 million and net profit after tax (NPAT) increased by 20.5% to $32.5 million.
Dicker Data had already announced that the dividend was 20.2% higher than 2017 to 20.2 cents per share.
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Future Generation Investment Company Ltd (ASX: FGX) reported its own result late yesterday, showing a 4.5% increase of the dividend compared to the previous year based on an operating profit after tax of $23.2 million.
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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).