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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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.