ASX 200 (XJO) To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 2.59% on Friday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 2.59% on Friday.

Australian Dollar ($A) (AUDUSD): 67.04US cents

Dow Jones (DJI): down 2.37%

Oil (WTI): $US53.24 per barrel

Gold: $US1,549 per ounce

ASX Sharemarket News

In ASX sharemarket news, childcare provider G8 Education Ltd (ASX: GEM) has reported its half year result to 30 June 2019 this morning.

G8 Education reported that revenue increased by 9% to $430.6 million which was driven by occupancy, fee growth and acquired centres.

Underlying EBIT (click here to learn what EBIT means) increased by 7% to $51.6 million. Net profit after tax dropped 20% to $19 million because of the implementation of the new accounting standard for leases.

The company’s Board declared a dividend of 4.75 cents, an increase of 0.25 cents per share from last year.

[ls_content_block id=”15758″ para=”paragraphs”]

Financial business IOOF Holdings Limited (ASX: IFL) also reported this morning, it revealed its FY19 result.

Total funds under management and advice (FUMA) rose by 18.7% to $149.5 billion. Underlying net profit after tax (UNPAT) rose by 3.4% to $198 million while continuing operations UNPAT went up 5.2% to $184.9 million.

However, statutory net profit after tax dropped 67.7% to $28.6 million which includes the provision for financial advice remediation.

IOOF and the industry is going through a turbulent time after the Royal Commission highlighted a number of issues. But, with the dust settling IOOF could be one of the major players.

Popular Stories:

Funeral business Propel Funeral Partners Ltd (ASX: PFP) has reported its FY19 result.

Revenue increased by 17.6% to $95.1 million, operating EBITDA rose by 10.6% to $23.8 million and operating net profit increased by 8.1% to $13.3 million.

The company increased its dividend by 79.7% to 11.5 cents per share for shareholders.

Disclosure: Jaz owns shares of Propel Funeral Partners at the time of writing, but this could change at any time.

Better investing starts here.

Get Owen’s free Sunday morning newsletter, 
with the best insights in Australia delivered to your inbox.

Skip to content