The Australian share market or ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open flat today, the USA’s S&P 500 Index (.INX) rose 0.6% on Wednesday.
Australian Dollar ($A) (AUDUSD): 67 US cents
Dow Jones (DJI): up 1%
Oil (WTI): $US55.84 per barrel
Gold: $US1,549 per ounce
ASX Sharemarket News
In ASX sharemarket news, investors will be watching Afterpay Touch Group Ltd (ASX: APT) after the Buy Now, Pay Later (BNPL) company provided its 2019 financial results to the market yesterday revealing strong operational growth and increasing revenue. You can read Rask Media’s full coverage of the report by clicking here.
Machine learning and artificial intelligence business Appen Ltd (ASX: APX) released its 2019 half-year report showing revenue up 60% to $245 million and a net profit result of $18.6 million, up 33%.
Appen’s speech and image business, which helps software developers create algorithms using non-text user input, reported revenue growth of 85%. Meanwhile, the company’s content relevance or search business remains the largest contributor to revenue at $193 million, up 48% for the half.
Expert Interview: Magellan's Hamish Douglass
In other reporting season news, supermarket giant Woolworths Group Ltd (ASX: WOW) reported a 3.4% increase in normalised sales to $59.98 billion for its full year. Profit from the group rose 7.2% to $1.75 billion thanks to a near 4% increase in operating profit from the Australian Food or supermarkets business.
Woolworths shareholders can expect to receive a final dividend equivalent to $0.57 per share, fully franked. The dividend takes Woolworths’ full-year payout to $1.02 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).