The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.85% on Tuesday.
Australian Dollar ($A) (AUDUSD): 68.85US cents
Dow Jones (DJI): up 0.77%
Oil (WTI): $US62.99 per barrel
Gold: $US1,274 per ounce
ASX Sharemarket News
In ASX sharemarket news, New Zealand travel and expense technology business Serko Ltd (ASX: SKO) has released its result for the year to 31 March 2019.
The company said that ongoing growth in the core Australasian business and the acquisition of US expense management provider InterplX underpinned the FY19 result. It also focused on investment into Zeno (its software) and new content lay the groundwork for growth in new markets.
As for the numbers, total operating revenue increased by 28% to $23.4 million, compared to its goal of growing revenue by 20% to 30%. The company also said that recurring product revenue increased by 26% to $20.7 million.
EBITDAF grew by 19% to $2.6 million (click here to learn what EBITDA means, the F stands for fair value remeasurement of contingent consideration). However, net profit after tax fell by 11% to $1.63 million.
Expert Interview: Magellan's Hamish Douglass
Casino operator SKYCITY Entertainment Group Limited (ASX: SKC) has announced a plan to offer online casino gaming by partnering with international gaming business Gaming Innovation Group Inc.
The proposed skycitycasino online site is expected to be launched in mid-2019 and will be operated from Malta with a .com URL. It will be offered to New Zealanders for an online casino gaming platform. The odd setup is because only Government-owned Lotto and the TAB are permitted to offer online gaming from New Zealand.
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Australian Agricultural Company Ltd (ASX: AAC) has reported its annual result to 31 March 2019.
The cattle business said that meat sales fell by 26% to $246.3 million, but cattle sales increased by 151% to $117.8 million.
Sadly, the company reported that its net statutory loss worsened by 45% to a loss of $148.4 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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.