Monthly Archives - August 2020

McGrath’s (ASX:MEA) profit turns around, CEO departs

24 Aug 2020 - Property agency McGrath (ASX:MEA) has seen a turnaround in its fortunes with net profit swinging from a $9.7 million loss in FY19 to $700 000 this financial year. Earnings of $3.7 were up $10.1 million from a loss of $6.4 million last financial year.

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Local shares to slide at the open: David Murray, John Fraser and Boe Pahari have all resigned from their positions at AMP

24 Aug 2020 - Local shares are set to start the week in negative territory despite a strong finish to the week on Wall Street. David Murray, John Fraser and Boe Pahari have all resigned from their positions at AMP. New Zealand telco Chorus has reported $52 million in net profit for the 2020 financial year just shy of the $53 million made last year.

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Suncorp rallies 8.9% on NPAT jump: Aus shares flat at noon

21 Aug 2020 - The Australian share market opened higher following positive leads from US equity markets and is now tracking flat at noon. Most of the sectors are in the green, with Real Estate Investment Trusts leading the charge. Pathology and imaging healthcare company, Healius (ASX:HLS) has reported underlying net profit after tax from continuing operations was $55.4 million for the year ended 30 June 2020.

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