The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 2.93% on Wednesday.
Australian Dollar ($A) (AUDUSD): 67.50US cents
Dow Jones (DJI): down 3.05%
Oil (WTI): $US54.72 per barrel
Gold: $US1,517 per ounce
ASX Sharemarket News
In ASX sharemarket news, Telstra Corporation Ltd (ASX: TLS) has reported its full year result for the 2019 financial year.
Telstra reported that its total income fell by 3.6% to $27.8 billion, Telstra’s EBITDA (click here to learn what EBITDA means) dropped by 21.7% to $8 billion and net profit after tax (NPAT) declined by 39.6% to $2.1 billion. The market, according to Commsec and Bloomberg were expecting net profit of $2.39 billion, so Telstra seems to have missed the mark here.
Telstra’s Board decided to pay a final dividend of 8 cents per share, comprising a final ordinary dividend of 5 cents per share and a final special dividend of 3 cents per share (paid for from the one-off NBN receipts).
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Treasury Wine Estates Ltd (ASX: TWE) is another company to report its annual result to the market this morning.
The wine business reported that net profit grew by 16% to $419.5 million and profit/earnings per share (EPS) increased by 18% to 58.4 cents.
Treasury Wine Estates reported that net sales revenue (NSR), NSR per case and EBITS growth was delivered across all regions, led by volume growth and price realisation in the ‘Luxury’ and ‘Masstige’ segments.
The company declared a final dividend of 20 cents per share, meaning the full year dividend of 38 cents per share was 19% higher than last year.
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Sydney Airport Holdings Pty Ltd (ASX: SYD) has also reported this morning.
In its interim result the airport operator said that EBITDA (excluding ‘other expenses’) grew by 4.1% to $649.2 million and net operating receipts (NOR) increased by 4.8% to $431.2 million.
The business paid a first half distribution of 19.5 cents per share today, with the 2019 distribution reaffirmed at 39 cents per share.
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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.