The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.14% on Friday.
Australian Dollar ($A) (AUDUSD): 69.28US cents
Dow Jones (DJI): down 0.74%
Oil (WTI): $US58.63 per barrel
Gold: $US1,285 per ounce
ASX Sharemarket News
In ASX sharemarket news, Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) has reported its full year result.
The healthcare company reported that its operating revenue increased by 9% to NZ$1.07 million and net profit after tax (NPAT) grew by 10% to NZ$209.2 million.
The company declared a final dividend of 13.5 NZ cents per share.
In FY20 the company expects revenue to be around NZ$1.15 billion and NPAT to be approximately NZ$240 million to NZ$250 million.
Fisher & Paykel Healthcare Managing Director and CEO Lewis Gradon said: “Our record results were driven by innovate products, the dedication of our teams around the world, a culture of continuous improvement and the value we offer for clinicians and patients.”
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Air New Zealand Limited (ASX: AIZ) has announced its going to invest in new fuel-efficient Boeing 787-10 Dreamliners.
The list prices would suggest the agreement is worth US$2.7 billion, but Air New Zealand has negotiated a “significant discount”.
The first of the new aircraft will join the Air New Zealand fleet in 2022 and combined have the potential to save 190,000 tonnes of carbon each year.
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The CEO and Managing Director of Suncorp Group Ltd (ASX: SUN) is going to step down, although he will remain in an advisory position until the full year result is released on 9 August 2019.
Group Chief Financial Officer (CFO) Steve Johnston will be the Acting CEO until a replacement can be found.
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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.