The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.27% on Thursday.
Australian Dollar ($A) (AUDUSD): 67.32US cents
Dow Jones (DJI): up 1.25%
Oil (WTI): $US56.63 per barrel
Gold: $US1,527 per ounce
ASX Sharemarket News
In ASX sharemarket news, Sezzle Inc (ASX: SZL) reported its result yesterday to the market for the first half of its FY19.
Underlying merchant sales for the six months to 30 June 2019 totalled $70.2 million, up from $4.5 million in the prior corresponding period. Sezzle income was $3.6 million, up from $0.2 million.
Active customers at 30 June 2019 grew to almost 430,000 and active merchants increased to just over 5,000.
Total income rose to $4.3 million, growing rapidly from the $0.3 million generated in the 2018 half year result. Net transaction losses were 1.5%, down from 2.1%.
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Lithium company Galaxy Resources Limited (ASX: GXY) was another to report today its half year to 30 June 2019.
Total lithium concentrate production and sales volume was 98,334 dry metric tonnes (dmt) and 44,630 dmt respectively. The average unit operating costs were US$387 per dmt produced, making Mt Cattlin one of the lowest producers.
The lithium miner produced an underlying net profit after tax of US$4.9 million, but including write-offs, impairments and derecognition of deferred tax assets of US$176.8 million the company had a statutory net loss of US$171.9 million.
Galaxy Resources had $176.3 million at 30 June 2019 and no debt.
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Mesoblast Limited (ASX: MSB) has reported its FY19 result this morning.
Its revenue fell by 3.5% to US$16.7 million whilst net profit worsened by 154% to US$89.8 million. Management said this decline was due to commercial manufacturing investment of US$9.9 million and an increase of US$9.5 million in finance costs.
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