Credit Corp group released its FY23 results showing the company had an NPAT of $91.3 million, down by 5% from last year, despite growth in its books. It seemed like sluggish US collections, and a rising headcount dragged the debt company down.
Why Is the Energy Sector Up, and What Is Its Future?
The ASX 200 Energy (XEJ) Index was up 4.7% this week, bringing its last 12 months’ gains to 15.42%. This has occurred as Brent Crude edged above $84 a barrel yesterday for the first time since April, while WTI Crude also crossed $80 per barrel.
Austal [ASX:ASB] Shares Sink as Shipbuilder Cuts Earnings
WA shipbuilder Austal released an updated earning guidance that slashed its forecasted earnings from $58 million to a potential loss of $10 million after slower production at its new steel manufacturing line in the US.
Woodside Energy [ASX:WDS] Up as Crude Over 52-Week High
Woodside Energy shares were up by 1% today after both oil crude benchmarks passed their 52-week average. Brent crude is currently at US$ 82.85 as supply remains constrained by OPEC for the foreseeable future.
Micro-X [ASX:MX1] Secures $21 Million Contract Extension to Build Self-Screening Airport Checks
Micro-X shares were up by 28.57% after the announcement today of the extension of its contract with the DHS to build and test a self-screening airport module. The contract is worth up to AU$21 million and will see testing that will eventually progress to a pilot program in one or more US airports.
Flight Centre [ASX:FLT] Shares Take Off with Improved Earnings
Flight Centre posted improved earnings estimates for FY23 after travel demand regained its pre-pandemic footing. Shares were up by 4.95% today after the announcement, signalling further optimism by investors for a return to regular travel.
Droneshield [ASX:DRO] Shares Surge 28.3%
Counter-drone and electronic warfare supplier Droneshield saw its stock rocket up by 28.3%, trading at 34 cents per share after announcing a significant US $33 million contract with the US Government. This is set to be a back-to-back record year for the Sydney-based company.
Ansell [ASX:ANN] Share Price Crashes by 14% after Warning of Earnings Decline
Ansell shares have fallen by 14.48% today after releasing a trading update forecasting falling sales in FY2024. The company has begun a campaign of business simplification and spending to drive earnings, but shareholders are anxious after seeing the past year’s gains wiped out in a day.
Acadia Expands Neuren [ASX:NEU] Licensing Deal, Shares Soar
Junior biotech Neuren Pharmaceuticals has signed an expanded licensing deal with its US distribution partner Acadia to expand the sale of its drug Daybue to global markets, pushing its stock price up by 16.24% today, trading at $13.53 per share.
Alliance Airlines [ASX:AQZ] Shares Surge 13.43% After Profits up
Alliance Airlines shares soared today, rising by 13.43% after the company announced it has surpassed the top end of its profit guidance by $1.69 million and shared plans for expansion of its fleet of E190s.
