Monthly Archives - August 2020

Evolution Mining (ASX:EVN) rewards investors as profits rise

13 Aug 2020 - Evolution Mining (ASX:EVN) has reported a 38% increase in net profit after tax to a record $301.6 million compared to $218.2 million for FY19. The mining company will pay a record final dividend for the year of 9 cents per share fully franked delivering a total FY20 dividend of 16 cents per share, a 68% increase on FY19.

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Wall St advances: Aus shares to open in the green

13 Aug 2020 - US markets closed on a positive foot overnight as the S&P 500 approached a near all-time high, and the Australian share market looks set to open in the green today. On Wall Street, major tech stocks advanced, all up more than 1.5% and US bond yields rose. Seek (ASX:SEK) reported a full-year loss of $111 million and EBITDA declined 9 per cent, these results impacted by the current Covid environment.

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Fisher & Paykel Healthcare Corporation: ASX closed 0.1% lower

12 Aug 2020 - It has been a positive day of trade for the ASX after a small dip around lunchtime the local bourse managed to close 0.1% lower. Fisher & Paykel Healthcare Corporation (ASX:FPH) have been designated an “essential service” and will continue to manufacture products from its Auckland facilities despite New Zealand’s new lockdown. Lifestyle Communities’ (ASX:LIC) profit after tax was $42.8 million for the 2020 financial year, down 22.2%.

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Galan Lithium (ASX:GLN) lithium brine developer

12 Aug 2020 - Galan Lithium Limited (ASX:GLN) Managing Director, Juan Pablo Vargas de la Vega talks about the company's lithium brine projects located within the South American Lithium Triangle in Argentina strategy and near-term targets.

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Annual wage growth lowest in 22 years: ASX tracking 0.3% lower at noon

12 Aug 2020 - The ASX fell in early trade after a promising start and is now tracking 0.3% lower at noon. Real estate company Unibail-Rodamco-Westfield (ASX:URW) shares are doing well today. Meanwhile, shares in employment company Seek (ASX:SEK) have fallen. Regis Resources (ASX:RRL) has acquired tenement holdings from Stone Resources.

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