The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.37% on Monday.
Australian Dollar ($A) (AUDUSD): 71.01US cents
Dow Jones (DJI): up 0.25%
Oil (WTI): $US59.09 per barrel
Gold: $US1,303 per ounce
ASX Sharemarket News
In ASX sharemarket news, telco giant TPG Telecom Ltd (ASX: TPM) has released its result for the half year to 31 January 2019.
TPG said that its reported EBITDA declined by 53.4% to $192.6 million (click here to learn what EBITDA means) due to the large impairment expense of cancelling its mobile roll-out because of the Huawei 5G ban decision by the Australian Government. Reported net profit after tax (NPAT) fell by 76.4% to $46.9 million.
However, on an underlying basis, underlying EBITDA grew by 2.8% to $424.4 million and net profit actually grew 3.5% to $225.2 million. The interim dividend was held at 2 cents per share, the same as last year.
[ls_content_block id=”15758″ para=”paragraphs”]
Shares of WiseTech Global Ltd (ASX: WTC) are currently in a trading halt with the global logistics software business announcing a capital raising.
WiseTech is looking to raise $250 million in a fully underwritten institutional placement, followed by a share purchase plan for regular investors. The professional investor part of the raising will be priced at $20.30 to $21.50 per new share.
The Founder and CEO of WiseTech, Richard White, said: “Through the Offer announced today, we add further strength to our balance sheet and increase the capacity at which we can accelerate our long-term organic growth, through relentless innovation and the acquisition of strategically valuable assets in important new geographies and key adjacencies.”
Popular Stories:
- Does The Figure Eight Acquisition Make Appen (ASX:APX) Shares A Buy?
- Why Dividend Investors Have Telstra Corporation (ASX:TLS) Shares Wrong
- I Would Consider Selling BHP Group Ltd (BHP) Shares Today
- 1 Trick To Find The Next Afterpay Touch Group Ltd (ASX:APT) Shares
New Hope Corporation Limited (ASX: NHC) has also released its half year result to January 2019.
The large coal miner revealed revenue growth of 21% to $616.7 million, operating EBITDA up 31% to $285.1 million and operating net profit after tax up 33% to $159.8 million. The miner also declared an interim dividend of 8 cents per share.
[ls_content_block id=”14948″ para=”paragraphs”]
