The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.79% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.77US cents
Dow Jones (DJI): down 0.66%
Oil (WTI): $US56.34 per barrel
Gold: $US1,496 per ounce
ASX Sharemarket News
In ASX sharemarket news, A2 Milk Company Ltd (ASX: A2M) has revealed its FY19 result.
Total revenue rose by 41.4% to NZ$1.3 billion, EBITDA (click here to learn what EBITDA means) went up by 46.1% to NZ$413.6 million and net profit after tax (NPAT) increased by NZ$287.7 million.
The company increased its market share in all of its operating regions. It increased the number of stores it’s sold in the US by 118% to 13,100 stores.
However, A2 Milk decided to close its UK liquid milk operations because management thought it would be better to concentrate on the US and China.
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Corporate Travel Management Ltd (ASX: CTD) is another business to report its result to the market this morning.
In FY19, total transaction value (TTV) increased by 30% to $6.46 billion with a higher market share in all of its operating regions.
Underlying EBITDA climbed 20% to $150.1 million, which was at the top end of its guidance whilst statutory net profit grew by 12% to $86.2 million.
The Corporate Travel Board decided to declare full year dividends of 40 cents per share, an increase of 11%.
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Auto parts business Bapcor Ltd (ASX: BAP) was another business to report today. Continuing operations revenue rose by 4.8% to almost $1.3 billion, pro forma continuing EBITDA went up by 9.8% to $164.6 million and pro forma continuing net profit after tax (NPAT) increased by 9%.
Thanks to the quite solid result, Bapcor decided to increase its dividend by 9.7% for the year to 17 cents per share.
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