Coles CEO defends making profit, says competition tough
Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.
earnings
Scentre FY earnings improve, more growth ahead
Westfield owner Scentre Group has claimed better full-year earnings and says more growth is to come from three shopping centre redevelopments.
Lower fares blamed for Qantas’ descending profit
Qantas says fare cuts are behind a $183 million reduction in its first-half profit, as it unveils measures to enhance the on-board experience for passengers.
Woolies CEO quits as pressure and grocery prices rise
Woolworths chief executive Brad Banducci will resign by September after facing increased scrutiny over the pricing and a lack of supermarket competition.
Whitehaven H1 profit plunges after lower coal prices
Cheap Russian coal and the costs of an acquisition have hit Whitehaven Coal's first-half profit after the exporter reported a substantial fall.
Surging Kmart sales help Wesfarmers grow H1 profit
Kmart's value proposition resonated with shoppers in the first half of 2023/24, helping Wesfarmers lift its profit by three per cent to $1.43 billion.
Commonwealth Bank reports $5.02 billion H1 profit
Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.
JB Hi-Fi beats expectations despite H1 profit fall
JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.
Profits halve for Kerry Stokes’ Seven West Media
Net profits after tax have halved to $63 million for Kerry Stokes' media conglomerate, while revenue has dropped five per cent.
Transurban half-year earnings up 7.5pct to $1.3b
Toll road operator Transurban says it had growth in all the markets it operates during the six months to December 31.
After $500m spend, IGO to mothball Cosmos nickel mine
IGO says it will place the under-developed Cosmos nickel mine it purchased just two years ago into care and maintenance mode, with layoffs expected.
ANZ joins this banking season’s $7b earnings club
Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.
Westpac posts $7b profit, launches $1.5b share buyback
Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.
Besieged Qantas board cops brunt of shareholder anger
Heckling and protest votes greeted the Qantas board at the airline's annual general meeting where shareholders vented their frustration at a series of missteps.
Buy now, pay later co Zip enjoying strong start to FY24
Zip Co has upgraded guidance, saying it expects to be cash earnings positive for 2023/24 after a strong first quarter.
Transurban sees highest-ever traffic in first quarter
Transurban says 2.5 million motorists used its roads on average each day in the July to September period, up from 2.4 million in 2022/23.
Myer’s best sales level in nearly two decades last year
Myer has total sales of $3.37 billion in 2022/23, its most since 2005, but sales are down so far in the new fiscal year as consumers tighten their belts.
Flight Centre profit takes off as prices lose altitude
Alongside its first positive earnings result since 2019, Flight Centre predicted airfares to moderate and urged the government to allow greater competition.
Casino operator Star posts $2.4b loss despite tax boost
Embattled gambling company Star Entertainment Group has recorded a $2.44 billion full-year loss after it was hit by regulatory and legal action.
Qantas soars to $2.5b profit, plans share buyback
Qantas has posted its first full-year profit after incurring $7 billion in losses during the pandemic, and has ordered two dozen new Boeing and Airbus aircraft.
Nine cops 38 per cent profit hit as ad revenue slips
Profits at media company Nine Entertainment have dropped after a record result the year prior as the industry battles declining ad revenue and the threat of AI.
Woolworths says cautious customers are cutting back
Woolworths is tipping price rises in some categories after the supermarket giant posted a $1.62 billion full-year profit, up slightly on the previous year.
Transurban names new CEO, ups distribution 41pct
Toll road operator Transurban says current chief financial officer Michelle Jablko will replace Scott Charlton as CEO in October.
JB Hi-Fi full-year profit dials down to $524m
Electronics retailer JB Hi-Fi says sales were up 4.3 per cent to $9.63 billion for the 12 months to June 30, but costs rose even more.
Murdoch’s News Corp suffers sharp decline in profit
Despite a heavy drop in profitability for the financial year, News Corp has "sound reasons for optimism" as the Murdoch-owned company seeks to leverage AI.
Murdoch’s News Corp cops huge hit to full-year profits
Despite a heavy drop in profitability for the financial year, News Corp bounced back in the second half and sees "auspicious conditions" ahead.
KFC Australia posts record $1b in full-year sales
Collins Foods says a decision to not fully pass on inflation resonated with customers, although it cut the company's profit margin.
Retail Food Group says rate hikes slowing sales growth
Retail Food Group says sales growth has moderated to just 2.2 per cent over the past 21 weeks.
ANZ delivers record gains but warns of challenges ahead
Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.
NAB shares slide despite profit lift
National Australia Bank delivered a 17 per cent lift in interim profit, boosted by rising interest rates and higher business lending.
Woolworths says food inflation ‘frustratingly elevated’
The Woolworths Group says shelf prices rose 5.8 per cent in the third quarter, although that was lower than price increases in the previous quarter.