The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 1.21% on Monday.
Australian Dollar ($A) (AUDUSD): 67.59US cents
Dow Jones (DJI): up 0.96%
Oil (WTI): $US55.97 per barrel
Gold: $US1,496 per ounce
ASX Sharemarket News
In ASX sharemarket news, BHP Group Ltd (ASX: BHP) reported that revenue from continuing operations rose by 3% to US$44.23 billion. Discontinued operations refers to onshore US assets that were sold for US$10.8 billion.
BHP’s continuing operations underlying EBITDA (click here to learn what EBITDA means) fell by less than 1% to US$23.16 billion. Continuing operations profit rose by 1% to US$16.1 billion but underlying attributable profit declined by 2% to US$9.47 billion.
BHP’s dividend policy is to pay at least 50% of its underlying attributable profit each reporting period, equating to 53 US cents per share for this report.
The BHP Board is also going to pay an additional 25 US cents per share, bringing the final dividend to US 78 US cents per share, an increase of 13% compared to FY18.
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Kogan.Com Ltd (ASX: KGN) is another business to report its FY19 result.
Gross sales increased by 12% to $551.8 million, EBITDA rose by 15.6% to $30.1 million, net profit went up 21.9% to $17.2 million and the active customer base rose by 15.9% to 1,609,000.
Kogan.Com’s Board decided to declare a final dividend of 8.2 cents per share, bringing the total year dividend to 14.3 cents per share – an increase of 10%.
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Employment business SEEK Limited (ASX: SEK) reported that revenue increased by 18% to $1.54 billion.
Reported EBITDA rose by 5.5% to to $455 million, underlying net profit rose ever so slightly to $229 million and reported net profit jumped 245% to $52.2 million.
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