The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.06% on Friday.
Australian Dollar ($A) (AUDUSD): 67.26US cents
Dow Jones (DJI): up 1.41%
Oil (WTI): $US58.69 per barrel
Gold: $US1,530 per ounce
ASX Sharemarket News
In ASX sharemarket news, Bubs Australia Ltd (ASX: BUB) reported its result just before the market closed on Friday.
Bubs’ total revenue rose by 154% to $46.8 million, whilst the company’s gross profit margin improved to 21% from 14% in the prior year, showing that the business is impressively scalable.
There was a normalised EBITDA (click here to learn what EBITDA means) loss of $5.9 million due to all of the investing in marketing & staff the company is doing, whilst the statutory loss came in at $35.5 million due to a non-cash one-off expense of $20.4 million under the Chemist Warehouse equity agreement.
[ls_content_block id=”15758″ para=”paragraphs”]
Bank of Queensland Limited (ASX: BOQ) has announced the confirmation of the leadership transition process.
The bank said that current interim CEO Anthony Rose has advised his employment with BOQ will end on 31 December 2019 after concluding the transition to George Frazis as the CEO, who commences on 5 September 2019.
BOQ Chairman Roger Davis said: “The Board thanks Anthony for his more than seven years’ dedication to BOQ as Chief Financial Officer. During this time Anthony has been instrumental in the development and implementation of BOQ’s purpose and values as well as overseeing BOQ’s strategic review.”
Popular Stories:
- FY19 Result – Is The Bubs (ASX:BUB) Share Price A Buy?
- Ramsay Health Care (RHC) Report – What You Need To Know
- Your Complete Guide To The Woolworths (WOW) FY19 Report
- City Chic Collective (ASX:CCX) Defies Australia’s Slowdown
Rural Funds Group (ASX: RFF) announced on Friday that last week Growers in the RFM Almond Fund 2006, RFM Almond Fund 2007 and RFM Almond Fund 2008 approved a merger of these entities. Each of them lease an area of the Mooral almond orchard and will continue to lease these areas.
[ls_content_block id=”14948″ para=”paragraphs”]
Disclosure: Jaz owns shares of Rural Funds at the time of writing, but this could change at any time.
