The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.15% on Tuesday.
Australian Dollar ($A) (AUDUSD): 71.66US cents
Dow Jones (DJI): up 0.03%
Oil (WTI): $US56.05 per barrel
Gold: $US1,341 per ounce
ASX Sharemarket News
In ASX sharemarket news, A2 Milk Company Ltd (ASX: A2M) has reported its half year report to 31 December 2018.
The Kiwi company generated revenue growth of 41% to NZ$613.1 million, with the China segment growing revenue by 50.1% to NZ$171.7 million. Total EBITDA increased by 52.7% to NZ$218.4 million (click here to learn what EBITDA is). Net profit grew by an impressive 55.1% to NZ$152.7 million.
However, the company did warn that the EBITDA margin would be lower in the second half due to increased investment in marketing to further build its brand presence in China and the US.
The company said that its market share in China has reached 5.7% and in Australia it has reached 35.7%.
[ls_content_block id=”15758″ para=”paragraphs”]
Woolworths Group Ltd (ASX: WOW) has also reported its half year result to December 2018 this morning.
Woolworths said continuing group sales were up 2.3% to $30.6 billion, with the key Australian food segment also delivering sales growth of 2.3%. The Group continuing EBIT increased by 1% to $1.45 billion and continuing net profit grew by 2.1% to $920 million. Pleasingly for shareholders, the dividend has been increased by 4.7% to 45 cents per share.
Woolworths Group CEO Brad Banducci said:
“It was a challenging half across all our businesses with subdued customer demand and volatile weather in the second quarter. Importantly, all our customer metrics have remained strong reflecting our Customer 1st Team 1st culture and focus on being ‘consistently good’.
Popular Stories:
- HY Report: Why The Altium (ASX:ALU) Share Price Could Go Nuts Tomorrow
- Is Naos Emerging Opportunities Company (ASX:NCC) The Best ASX LIC?
- Caltex Australia Limited (CTX) – The Fuel Retailer With 25% Market Share
- Your 30-second Guide To The Banking Royal Commission Report
Domino’s Pizza Enterprises Ltd. (ASX: DMP) reported that its revenue was up 23.7% to $702 million, but its net profit has declined by 9.2% to $53.3 million. The pizza business did report that underlying EBITDA and net profit grew by 12.1% and 8.4% respectively.
Domino’s decided to increase the dividend by 7.9% to 62.7 cents per share.
Domino’s CEO and Managing Director Don Meij said: “With a population base in our current overseas markets more than 12 times Australia, our global business provides not only a significant runway for future growth, but also a natural hedge against short term conditions affecting any single country or region.”
[ls_content_block id=”14945″ para=”paragraphs”]
