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Latest news: Earnings

Lower fares blamed for Qantas' descending profit

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

Nine dials down profit, wants social media to pay more

Nine dials down profit, wants social media to pay more

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 half-year profit drops 19pct, dividend cut

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

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.

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Woolworths shares plunge as CEO Banducci plans exit

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

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.

IAG announces $200m share buyback, raises dividend

IAG announces $200m share buyback, raises dividend

Insurance Group Australia says its profit from insurance was up 75 per cent to $614 million in the six months to December 31.

Surging Kmart sales help Wesfarmers grow H1 profit

Surging Kmart sales help Wesfarmers grow H1 profit

Kmart's value proposition resonated with shoppers in the first half of 2023/24, helping Wesfarmers lift its profit by three per cent to $1.43 billion.

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Whitehaven H1 profit plunges after lower coal prices

Whitehaven H1 profit plunges after lower coal prices

Whitehaven H1 profit plunges after lower coal prices

Whitehaven H1 profit plunges after lower coal prices

Cheap Russian coal and the costs of an acquisition have hit Whitehaven Coal's first-half profit after the exporter reported a substantial fall.

Commonwealth Bank reports $5.02 billion H1 profit

Commonwealth Bank reports $5.02 billion H1 profit

Commonwealth Bank reports $5.02 billion H1 profit

Commonwealth Bank reports $5.02 billion H1 profit

Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.

Record first-half sales for Temple & Webster

Record first-half sales for Temple & Webster

Record first-half sales for Temple & Webster

Record first-half sales for Temple & Webster

Despite cost-of-living pressures, furniture e-retailer Temple & Webster says it had $254 million in first-half sales, up 23 per cent from a year ago.

Profits halve for Kerry Stokes' Seven West Media

Profits halve for Kerry Stokes' Seven West Media

Profits halve for Kerry Stokes' Seven West Media

Profits halve for Kerry Stokes' Seven West Media

Net profits after tax have halved to $63 million for Kerry Stokes' media conglomerate, while revenue has dropped five per cent.

'Vaccine fatigue' dampened CSL's first-half flu sales

'Vaccine fatigue' dampened CSL's first-half flu sales

'Vaccine fatigue' dampened CSL's first-half flu sales

'Vaccine fatigue' dampened CSL's first-half flu sales

CSL says new vaccines against shingles and the cold virus RSV have led to fewer people being immunised against the flu, but it still managed to grow sales.

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.

Transurban half-year earnings up 7.5pct to $1.3b

Transurban half-year earnings up 7.5pct to $1.3b

Transurban half-year earnings up 7.5pct to $1.3b

Transurban half-year earnings up 7.5pct to $1.3b

Toll road operator Transurban says it had growth in all the markets it operates during the six months to December 31.

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After $500m spend, IGO to mothball Cosmos nickel mine

IGO says it will place the under-developed Cosmos nickel mine it purchased just two years ago into care and maintenance mode, with layoffs expected.

Woolworths to declare $1.5b writeoff on NZ stores

Woolworths Group is writing off $1.5 billion in goodwill on the value of its NZ supermarkets after slowing sales in that country.

Did someone say KFC: cost of living fails to fry profit

Cost of living pressures haven't eaten into profits at KFC, as Australia's love of the fast food chain propelled Collins Foods to $522.9 million in sales.

Cashed-up Webjet finished first half with $634m in bank

Webjet has beaten earnings forecasts with a 39 per cent jump in revenue for the first half, but won't yet resume paying a dividend.

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Life360 plans full launch in Australia after strong Q3

ASX-listed family networking app Life360 is planning to rollout its full product offering in Australia after strong growth in subscribers in the third quarter.

Mineral Resources 'well-placed' for significant growth

Mid-tier mining company Mineral Resources has warned a move into downstream processing of battery minerals is "likely uneconomic" without government assistance.

ANZ joins this banking season's $7b earnings club

Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.

News Corp posts strong revenue to see off chair Murdoch

News Corporation is eyeing new tech horizons as it adjusts to life after Rupert, farewelling its talismanic chairman with better-than-expected earnings figures.

Nine's metro TV ad revenue falls as company eyes AI

Nine is facing declining ad revenues across its metro free-to-air channels, as the board assesses the threats and opportunities of artificial intelligence.

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.

Besieged Qantas board cops brunt of shareholder anger

Heckling and protest votes greeted the Qantas board at the airline's annual general meeting where shareholders vented their frustration at a series of missteps.

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