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Latest news: Earnings

IAG to spend $350m on share buyback after profit jumps

IAG to spend $350m on share buyback after profit jumps

Insurance Australia Group says its financial position has improved, after growing its full-year profit by 7.9 per cent to $898 million.

Ansell cuts dividend after profit drops by 48pct

Ansell cuts dividend after profit drops by 48pct

Ansell cuts dividend after profit drops by 48pct

Ansell cuts dividend after profit drops by 48pct

Ansell is paying 16 per cent less in dividends for 2023/24 after net profit fell by almost half, as it looks forward to better growth in the new year.

Queensland real estate market set to rebound: Domain

Queensland real estate market set to rebound: Domain

Queensland real estate market set to rebound: Domain

Queensland real estate market set to rebound: Domain

Domain CEO Jason Pellegrino says Queensland's property market has shown signs of accelerating after a poor showing in 2023/24.

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Telstra open to Foxtel Group sale, profit drops 12.8%

Telstra open to Foxtel Group sale, profit drops 12.8%

Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.

Origin Energy eyes gas imports, longer life for Eraring

Origin Energy eyes gas imports, longer life for Eraring

Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.

Profits plummet at Kerry Stokes' Seven West Media

Profits plummet at Kerry Stokes' Seven West Media

As Seven West Media contends with allegations of a toxic workplace culture at its television network, profits plunge 69 per cent to $45 million.

Shareholders still cash in as CBA profit slips to $9.5b

Shareholders still cash in as CBA profit slips to $9.5b

Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.

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CSL share price bleeds as operating expenses rise

CSL share price bleeds as operating expenses rise

CSL share price bleeds as operating expenses rise

CSL share price bleeds as operating expenses rise

CSL shares were on track for their worst performance in 10 months after the blood products giant reported higher-than-expected operating expenses.

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.

Weight-loss drugs not lights out for ResMed: CEO

Weight-loss drugs not lights out for ResMed: CEO

Weight-loss drugs not lights out for ResMed: CEO

Weight-loss drugs not lights out for ResMed: CEO

Sleep apnoea device manufacturer ResMed has continued to see revenue and net income grow, despite short-sellers claiming weight loss drugs threaten its market.

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie is taking a cautious stance and conservative approach to capital in 2024/25, as it looks forward to the opening of its new global HQ in Sydney.

Life360 eyes satellites for location tracking boost

Life360 eyes satellites for location tracking boost

Life360 eyes satellites for location tracking boost

Life360 eyes satellites for location tracking boost

ASX-listed Life360 says its net loss narrowed and customer base grew in the March quarter while it has unveiled a partnership with a "sci-fi" satellite company.

Myer names ex-Qantas exec Olivia Wirth as its next CEO

Myer names ex-Qantas exec Olivia Wirth as its next CEO

Myer names ex-Qantas exec Olivia Wirth as its next CEO

Myer names ex-Qantas exec Olivia Wirth as its next CEO

The former chief executive of Qantas Loyalty will become the next Myer chief executive when current CEO John King retires in June.

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Life360 soars after handily beating earnings guidance

Shares in fast-growing family-tracking tech company Life360 were up more than 30 per cent after it beat guidance and unveiled a new advertising business model.

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Who Dat: Karoon Energy reveals record $126m profit

Karoon Energy has posted its best-ever profit and is looking forward to more production from its oil and gas field apparently named by a New Orleans Saints fan.

Star returns to profit, welcomes new Bell inquiry

Star Entertainment Group has posted a $9.1 million first-half profit, but revenue was down 15 per cent as it faced increased competition and weaker spending.

Resilient travel demand propels Flight Centre earnings

Australians' insatiable appetite for travel amid falling discretionary spending has helped Flight Centre to a solid sales lift in the first half of 2023/24.

Coles CEO defends making profit, says competition tough

Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.

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Higher interest rates clip Endeavour Group profit

Endeavour Group's sales were up in the first half, but so were borrowing and lease costs for the Dan Murphy's and BWS bottle shop operator.

Medibank half-year profit up 16pct on non-resident gain

Health insurer Medibank Private has reported a 16 per cent rise in first-half profit and claims customer growth has recovered from its 2022 cyber attack.

Lower fares blamed for Qantas' descending profit

Qantas says fare cuts are behind a $183 million reduction in its first-half profit, as it unveils measures to enhance the on-board experience for passengers.

Nine dials down profit, wants social media to pay more

Media giant Nine blamed a 21 per cent decline in first-half profit on weaker advertising and called on social media giants to better compensate news outlets.

Domino's half-year profit drops 19pct, dividend cut

Domino's Pizza has had a 19 per cent fall in first-half profit and now plans to more widely apply tactics that have raised appetites in Australia.

Woolworths shares plunge as CEO Banducci plans exit

Woolworths shares were down more than seven per cent by midafternoon, on track for their worst single-day losses since late 2021.

Scentre FY earnings improve, more growth ahead

Westfield owner Scentre Group has claimed better full-year earnings and says more growth is to come from three shopping centre redevelopments.

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