The All Ordinaries (INDEXASX: XAO)(^AORD) and S&P/ASX 200 (INDEXASX: XJO) (^AXJO) ended lower on Tuesday, despite some promising market updates.
All Ordinaries: down 0.4% at 6,040 points
ASX 200: down 0.4% at 5,936 points
All Ordinaries Movers
- Flight Centre Travel Group Ltd (ASX: FLT) – up 1.9%
- Ramsay Health Care Ltd (ASX: RHC) – up 1.2%
- Fairfax Media Limited (ASX: FXJ) – up 4.3%
All Ordinaries Losers
- Bingo Industries Ltd (ASX: BIN) – down 5.9%
- TPG Telecom Ltd (ASX: TPM) – down 4.6%
- South32 Ltd (ASX: S32) – down 2.9%
Australian Investing News
Making ASX news today, TPG Telecom Ltd (ASX: TPM) reported its half-year report to the market. The $5.7 billion telecommunications business reported a 1% rise in half-year revenue to $1.25 billion, an 11% fall in profit to $199 million, and increased its full-year outlook. TPG pointed to falling profit margins, a worse result from iiNet’s fixed voice services and increased electricity prices.
New Hope Corporation Ltd (ASX: NHC), the mining business, reported a jump in revenue for its half-year with a 69% increase in profit. Here’s the news.
Kathmandu Holdings Limited (ASX: KMD) announced that its sales increased by 4% to NZ$205 million with profit up by 23% at $NZ12 million.
Read more about Kathmandu’s half year report here.
Shares of Bingo Industries Ltd were sold lower today. Bingo Industries is a waste management company focused in New South Wales and Victoria. Today, the Queensland Government announced it will reintroduce a levy on “unscrupulous operators” who are using the state as a dumping ground for waste from other states.
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