Earnings reports: South32, Woolworths, Amcor & Flight Centre
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South32 Limited (S32) reported underlying earnings of US$138 million, better than the market had expected. But it posted a statutory loss of US$1.6 billion for the 2016 financial year:
Australia’s largest travel agent, Flight Centre (FLT) posted a slightly weaker than expected net profit of $244.6 million, down 4.7% over the last financial year:
Woolworths (WOW) posted a slightly worse than consensus $1.2bn loss for the year to June 2016. The result was driven by write-downs and costs associated with its Home Improvement business, which wiped out ~$3bn in earnings and it is in the process of exiting:
Global packaging company, Amcor’s (AMC) full year result was hampered by adverse currency movements and a write-down of the value in its Venezuelan operations:
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CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
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No areas of expertise