The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 1.19% on Thursday.
Australian Dollar ($A) (AUDUSD): 68.99US cents
Dow Jones (DJI): down 1.11%
Oil (WTI): $US58.19 per barrel
Gold: $US1,284 per ounce
ASX Sharemarket News
In ASX sharemarket news, aged care business Estia Health Ltd (ASX: EHE) has provided a trading update about its full year expectations.
EBITDA, including the additional funding increasing, Royal Commission costs and so on is expected to be between $92 million to $94 million (click here to learn what EBITDA means).
If the company delivers within this range, it will be an increase of 2% to 4%, but lower than prior expectations.
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Essential software business Gentrack Group Ltd (ASX: GTK) has reported its half year result to 31 March 2019.
Gentrack reported that revenue grew by 5% to NZ$54.4 million with recurring revenue up 26% to NZ$37.7 million.
However, EBITDA declined by 19% to NZ$12.8 million (click here to learn what EBITDA means) and net profit was down 204% to a loss of NZ$8.7 million.
Gentrack also declared a dividend of 5 NZ cents to reflect a new dividend policy of paying out at least 70% of underlying net profit.
The company is still expecting the annual FY19 EBITDA to be “marginally” ahead of FY18. Gentrack still maintains its long term 15% EBITDA growth objective because of a strong pipeline of opportunities in utilities and airport markets.
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Sydney Airport Holdings Pty Ltd (ASX: SYD) gave an update about SAT1 indemnity in relation to historical investments.
Some or all of the $119.1 million non-current receivable in the 31 December 2018 Financial Report relating to the indemnity previously paid may need to be expensed and a future call on its indemnities is possible, up to a maximum of $61 million as at 30 June 2019.
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