When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
Electricity retailer Meridian Energy rose 1% this afternoon, posting a sizeable increase to profit for the first half of fiscal 2023, and the company’s board choosing to distribute 6 cents per share in dividends in time for its dividend reinvestment plan.
Nitro presented audited results for the close of the financial year 2022, which spoke of a climb in revenue and earnings. Operating EBITDA and statutory losses hit US$11.0 million and US$35.8 million, respectively.
Homewares and furniture retail giant Harvey Norman revealed disappointing results for its half-year report, slipping in both earnings and profits and taking a 10% discount in share price.
Most companies have wrapped up their half-year results, including the Aussie retailers. What do their results suggest about the financial health of the consumer? Read on to find out…
Lynas Rare Earths fell more than 5% in share price after revealing a loss in profit by 4% in half year fiscal 2023.
Woodside posted a record year for production particularly in LNG. The group has decided to distribute final dividends of US$1.44.
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