The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.48% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.94US cents
Dow Jones (DJI): up 1.44%
Oil (WTI): $US56.78 per barrel
Gold: $US1,502 per ounce
ASX Sharemarket News
In ASX sharemarket news, National Australia Bank Ltd (ASX: NAB) has released its third quarter result to investors.
The major ASX bank reported that compared to the quarterly average of the first half of 2019 and excluding customer-related remediation, cash earnings increased by 1% to $1.65 billion due to revenue increasing 1% and flat costs thanks to its ongoing productivity savings.
NAB also reported that it achieved an unaudited statutory net profit of $1.7 billion.
NAB’s credit quality update wasn’t so promising. Impairment charges increased 21.7% to $247 million for the quarter compared to the third quarter in 2018.
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CSL Limited (ASX: CSL) is another business to report today, it has revealed its FY19 result with investors.
CSL reported that its net profit after tax (NPAT) increased by 11% to US$1.92 billion for FY19, it rose 17% in constant currency terms. Profit / earnings per share (EPS) rose by 16% in constant currency terms to US$4.236.
The CSL result was driven by revenue growth of 11% with “strong growth” in immunoglobulin and albumin therapies, high patient demand for specialty products Haegarda & Kcentra, the successful evolution of the haemophilia therapies portfolio and Seqirus delivering strong profit growth.
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Another business to report today is Computershare Limited (ASX: CPU).
Computershare said that its revenue increased by 4.8% to $2.41 billion, EBITDA (click here to learn what EBITDA means) rose by 10.2% to $685.9 million and profit/earnings per share (EPS) increased by 12.8%. Computershare’s Board grew the final dividend by 9.5% to $0.23.
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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.