The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index
(.INX) fell by 0.90% on Thursday.
Australian Dollar ($A) (AUDUSD): 67.98US cents
Dow Jones (DJI): down 1.05%
Oil (WTI): $US54.34 per barrel
Gold: $US1,442 per ounce
ASX Sharemarket News
In ASX sharemarket news, Bega Cheese Ltd
(ASX: BGA) has provided updated guidance for its normalised EBITDA.
The previous guidance was for normalised EBITDA to be at the lower end of the range between $123 million to $130 million. However, after doing a lot of the work on the FY19 report, Bega has updated the market that normalised EBITDA will be in the range of $113 million to $117 million.
Bega pointed out that it has reduced its gearing and achieved a record milk intake of 1.06 billion litres – an increase of 41% on FY18.
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Mining giant Rio Tinto Limited (ASX: RIO) reported its half year result yesterday evening.
Rio Tinto reported that its underlying profit grew by 12% to US$4.93 billion and underlying EBITDA increased by 11% to US$10.25 billion. However, net earnings actually declined by 6% to US$4.13 billion.
The Rio Tinto Board has declared an ordinary dividend per share of US$1.51 per share, which represents a 19% increase on the half year dividend a year ago.
With the resources market performing so strongly the Rio Tinto Board has also decided to declare a special dividend of US$0.61 per share.
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Rare earth miner Lynas Corporation Ltd (ASX: LYC) welcomed the comments made by the Malaysian Prime Minister yesterday indicating that the export of its water leach purification (WLP) residue/waste will no longer be a condition of renewal of Lynas Malaysia’s operating licence.
This is good news for Lynas, but it is still awaiting formal notification from the Malaysian government.
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