The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.1% on Monday.
Australian Dollar ($A) (AUDUSD): 67.75US cents
Dow Jones (DJI): up 1.05%
Oil (WTI): $US53.64 per barrel
Gold: $US1,527 per ounce
ASX Sharemarket News
In ASX sharemarket news, plumbing business Reliance Worldwide Corporation Ltd (ASX: RWC) has reported its FY19 result to the market.
The plumbing business reported that net sales rose by 43% to $1.1 billion. Excluding the John Guest acquisition, net sales rose by 5% to $782.9 million. Reported EBITDA (click here to learn what EBITDA means) increased by 79% to $242.5 million.
Reliance’s reported net profit after tax (NPAT) increased by 102% to $133 million and the total dividend for FY19 was increased by 38.4% to 9 cents per share.
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Inghams Group Ltd (ASX: ING) is another business to report today, it has revealed its FY19 result to the market.
Core poultry volumes increased by 4.3% to 414.9kt. This helped underlying gross profit rise by 3% to $480.2 million.
EBITDA rose by 14.2% to $242.2 million and net profit after tax grew by 10.1% to $126.2 million. But, ‘underlying’ EBITDA only went up by 2.9% to $208.6 million.
Inghams finished the financial year with net debt of $263.8 million and the Board decided to declare a final dividend of 10.5 cents per share.
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MNF Group Ltd
(ASX: MNF) reported that recurring revenue increased by 89% to $73.6 million. Phone numbers on the network grew organically by 18% to 3.8 million
Gross profit grew by 20% to $82.5 million and EBITDA rose by 11% to $27.2 million. Underlying net profit increased by 13% to $15.9 million, meanwhile underlying profit/earnings per share (EPS) rose by 12% to 21.7 cents.
The MNF Board decided to declare a final dividend of 4 cents per share, taking the full year dividend to 6.1 cents per share.
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