The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.05% on Thursday.
Australian Dollar ($A) (AUDUSD): 67.58US cents
Dow Jones (DJI): up 0.19%
Oil (WTI): $US55.35 per barrel
Gold: $US1,498 per ounce
ASX Sharemarket News
In ASX sharemarket news, Costa Group Holdings Ltd (ASX: CGC) has announced its June 2019 result.
Costa reported that its revenue grew by 11.8% to $573 million. Underlying EBITDA ((EBITDA-SL) click here to learn what EBITDA means) was 8.4% lower at $82.4 million.
Underlying net profit (NPAT-SL) fell 15% to $40.9 million. The company blamed adverse conditions for the Moroccan blueberry season, low mushroom demand, raspberry quality and citrus water cost and fruit flies for a tough first half of 2019.
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Ardent Leisure Group Ltd (ASX: ALG) is another to report this morning.
Revenue from continuing businesses grew by 14.4% to $60.9 million and underlying EBITDA increased by 15.7% to $7.3 million.
Main Event revenue increased by 7.9% compared to the prior year and the Main Event EBITDA (excluding ‘specific items) grew 4%.
The reported net loss improved by 32.9% to $60.9 million and there was no dividend declared with the company’s intention to invest in its Theme Parks and Main Event to drive recovery and growth for each business.
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Whilst releasing its FY19 result, which saw revenue increase 16.4% to $257.7 million and net profit rise 21.4% to $32.8 million, Bravura Solutions Ltd (ASX: BVS) also announced an acquisition.
It’s acquiring Software as a Service provider Midwinter for $50 million, which provides back office administration for financial advisers and drives online self-directed digital advice portals for superannuation funds in Australia.
Disclosure: Jaz owns shares of Costa Group Holdings at the time of writing, but this could change at any time.