Company updates
CCV recorded revenue growth of 13.0% to $374.9m driven by an increase in personal loan interest of $14.6m and establishment fees of $7.8m, and an increase in corporate store revenue of $18.3m
Company updates
Transfield’s solid results were primarily driven by the strong performance of its Defence, Social and Property sector. Key credit metrics have improved with Transfield’s leverage ratio of 1.8 times now below its target range of 2.0 times
Company updates
360 Capital’s strong FY15 result and guidance for the FY16 highlights the company’s continuing and successful transition into a co-investor and fund manager, with recurring income streams from its co-investment and funds management activities more than doubling over the reporting year
Company updates
Lots of companies have reported over the past fortnight with mixed results. Check the list to make sure you’ve seen all the relevant results. This week we have added results announcements from: Alumina, Dampier-to-Bunbury Pipeline, Fortescue, IAG, McPhersons, PAYCE, Qantas and QBE
Company updates
Dampier-to-Bunbury Pipeline (DBP)’s FY15 result is down on FY14 reflecting the lower tariff revenues from last year’s recontracting. However, DBP outperformed its FY15 EBITDA guidance by $13m and reduced debt by $180m over the financial year
Company updates
Insurance Australia Group Limited (IAG) reported a slightly disappointing FY15 net profit after tax (NPAT) of $728m, down from $1.2bn a year earlier
Company updates
As expected Fortescue’s FY15 performance is significantly down on the prior year reflecting the deterioration in iron ore prices. However, through continued successful cost reductions the company was able to deliver US$2bn in positive operating cash flows through FY15
Company updates
Qantas has delivered on the market’s expectation of a bumper FY15 result - $975m in underlying pre-tax profit, $2bn in operating cash flow and a $1bn reduction in debt. The FY15 financial credit metrics meet investment grade levels, with the airline now having in place what it considers to be an optimal capital structure. However, we believe the rating agencies will closely consider the impact of the large ~$500m shareholder distribution before a decision is made on a rating upgrade to investment grade
Company updates
Lots of companies have reported over the past fortnight with mixed results. Check the list to make sure you’ve seen all the relevant results. This week we have added results announcements from: Asciano, CBL, Sydney Airport, Newcrest
Company updates
Asciano’s FY15 result reflects a solid performance under challenging domestic economic conditions. In addition, Brookfield Infrastructure Partners has confirmed a binding offer to take over Asciano