The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.09% on Friday.
Australian Dollar ($A) (AUDUSD): 72.52US cents
Dow Jones (DJI): up 0.26%
Oil (WTI): $US55.26 per barrel
Gold: $US1,318 per ounce
ASX Sharemarket News
In ASX sharemarket news, construction business Boral Limited (ASX: BLD) has announced a trading update and revised earnings guidance.
In the first half of FY19 the company expects net profit after tax to be approximately $200 million and EBITDA to be approximately $485 million (click here to learn what EBITDA is).
The company said that FY19 EBITDA is expected to be higher than FY18, with continuing operations having a skew towards the second half.
[ls_content_block id=”15758″ para=”paragraphs”]
Ship-building business Austal Limited (ASX: ASB) has increased its full year revenue guidance.
The company had previously indicated guidance of $1.3 billion to $1.4 billion for the first half of FY19.
The company now expects to report revenue of $1.9 billion as a result of a greater number of Littoral Combat Ships in the US, better than expected progress in the construction of the previously awarded LCS ships, currency exchange effects and other small changes.
Read more:
Can We Keep Milking A2 Milk Company (A2M) Shares?
NAB (ASX:NAB) Raises Home Loan Interest Rates – Is It A Buy?
1 Of My Favourite ASX Small Caps – Supply Network Limited (ASX:SNL)
4 Reasons To Be Bullish About ResMed (ASX:RMD) Shares Despite The Selloff
One of the largest listed investment companies (LIC), Argo Investments Limited (ASX: ARG), has announced its half year result this morning.
Argo Investments has announced a dividend increase from 15.5 cents per share last year to 16 cents per share this year. The increase is funded by a 42.2% increase of profit for half year to $157.2 million, which translated to earnings per share (EPS) growth of 39% to 22.1 cents.
A lot of the profit growth was from a one-off, non-cash income item from the demerger of Coles Group Limited (ASX: COL) from Wesfarmers Ltd (ASX: WES). Excluding that, Argo’s profit increased by 9.6%.
[ls_content_block id=”14948″ para=”paragraphs”]
