The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.25% on Thursday.
Australian Dollar ($A) (AUDUSD): 67.77US cents
Dow Jones (DJI): up 0.39%
Oil (WTI): $US54.74 per barrel
Gold: $US1,523 per ounce
ASX Sharemarket News
In ASX sharemarket news, big four bank Australia and New Zealand Banking Group (ASX: ANZ) has released its ‘Pillar 3’ update for the June quarter.
ANZ said that its total provision charge of $209 million for the June quarter remained at a similar level to the first half quarterly average, while the individual provision increased $68 million to $258 million. The total loss rate was 0.13%, the same as the first half of FY19.
The bank also revealed that its CET1 ratio was 11.8% at the end of June 2019, a 0.3% increase.
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Hearing device business Cochlear Limited (ASX: COH) has reported its FY19 result.
Cochlear’s sales revenue rose by 7%, or 2% in constant currency terms, to $1.45 billion. Services revenue rose 20% and Cochlear implant revenue increased 2%.
Reported net profit rose by 13% to $276.7 million and underlying net profit rose by 7% to $265.9 million. The underlying profit excludes the $10.8 million of non-cash net gains from the revaluation of its innovation fund investments.
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Property website business Domain Holdings Australia Ltd (ASX: DHG) has also reported its result.
Domain’s revenue fell 6.1%, underlying EBITDA (click here to learn what EBITDA means) declined 15.3% and underlying net profit after tax (NPAT) dropped 29.3% to $37.4 million.
The underlying results exclude the $174.9 million after tax goodwill impairment that the company disclosed in its half year result six months ago. But, the company did declare a 4 cents per share dividend,
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