The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.65% on Wednesday.
Australian Dollar ($A) (AUDUSD): 70.12US cents
Dow Jones (DJI): down 0.42%
Oil (WTI): $US56.46 per barrel
Gold: $US1,427 per ounce
ASX Sharemarket News
In ASX sharemarket news, construction and engineering company Cimic Group Ltd (ASX: CIM) announced its half year report yesterday.
Its revenue increased by 0.3% to $6.95 billion in the half year to June 2019, EBITDA (click here to learn what EBITDA means) increased by 16.9% to $1.02 billion and Cimic’s net profit after tax (NPAT) & earnings per share (EPS) both increased by 1.1% to $366.7 million and 113.1 cents respectively.
Cimic has declared an interim dividend of $0.71 per share, which is 1.4% higher than last year, representing a dividend payout ratio of 62.8%.
Cimic Group Executive Chairman Marcelino Fernandez Verdes said: “At the half way point in 2019, Cimic Group remains in a strong financial position. Our net cash and work in hand increased consistently and we have a strong foundation for profitable growth.”
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Listed investment company (LIC) Bki Investment Co Ltd (ASX: BKI) has also reported its FY19 annual report today.
The company said that its ordinary net operating profit increased by 11.1% to $49.15 million, but including special investment income it increased by 66% to $74.7 million with profit per share (EPS) growing by 41.9% to 10.26 cents.
The ordinary dividend was held at 7.325 cents per share, but it also paid a special dividend of 2.5 cents per share.
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Resource business South32 Ltd
(ASX: S32) has revealed its June 2019 quarterly report showing that it achieved record production at Hillside Aluminium and “strong” performance at Mozal Aluminium.
There was increased production at Worsley Alumina, it maintained higher manganese ore production, it increased saleable production at Illawarra Metallurgical Coal by 57% and it exceeded FY19 production guidance at Cannington. However, production at South Africa Energy Coal was lower than expected.
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