QBE Insurance (QBE) The global insurer released its half-year 2023 profit results, giving details om the positive trends in insurance management and the tailwinds from higher interest rates discussed in the company’s earnings guidance given in July, so there were few [...]
Dexus Industrial (DXI): the industrial REIT reported their full-year results for 2023 results which had few surprises, unlike CLW, which reported yesterday. The HNW Income Portfolio holds a 3.6% weight to DXI. Key Points: Profits up: Funds from operations up +2% [...]
This morning Suncorp (SUN), the Queensland based insurer and bank operator, delivered a strong result continuing its performance from the first half of the year. The HNW Portfolios have a 2.5% weight to SUN. Key Points: Record Profits: 2023 proved to [...]
Commonwealth Bank (CBA): reported their full-year results for the 2023 financial year, which were very solid, as expected. Due to the breadth of its lending activities touching every sector, CBA is watched very closely for a read on the broader [...]
The February 2023 company reporting period concluded last week, revealing the financial accounts for the six months ending 31st December 2022. Overall, this was a very mixed reporting season with a greater degree of dispersion than we have seen over [...]
Woodside (WPL) released their full-year 2022 results this morning. These financial results were outstanding and ahead of expectations, reflecting the recovery in the oil price, excellent operational performance, new assets, and strong demand for LNG in North Asia. Key Points: [...]
Mineral Resources (MIN): This morning, diversified miner and mining services company reported their first half of 2023 results which were in line with expectations, though it took the market some time to digest the numbers. Key Points: Record Profits: Record [...]
Atlas Arteria (ALX) This morning, the Transurban of Eastern France, Atlas Arteria, released their full year 2022 results. Similar to Transurban, given the regular traffic and revenue updates, there were few surprises, and the result showed the resilience of ALX's [...]
The Lotteries Corp (TLC) released their maiden first-half result, the first since the separation from wagering. The result was ahead of our expectations quite high expectations for this very high-quality business. Key Points: Profit Surprisingly strong: First half profit +17% [...]
Medibank Private (MPL): This morning, Australia's largest health insurer reported their first half of 2023 results, a set of financial accounts that investors were nervous about due to the cyber hack in late 2022 that saw the share price fall [...]
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