Cochlear reported a revenue of $1.17 billion, marking a 5% year-over-year growth, with a net profit after tax of $205.1 million, up 7%, and an interim dividend of $2.15 per share. AMP Limited's underlying NPAT rose 15% to $236 million, but profits for the 2024 financial year nearly halved to $150 million due to the sale of its adviser business. Charter Hall Retail REIT's profit was $108.6 million, with operating earnings down 7% year-over-year, while GQG Partners saw a significant revenue growth of 46.9% to $760.4 million and a net profit after tax increase of 52.8% to $431.6 million.
impact of us presidential election on asx stocks and sectors
The US presidential election significantly impacts global markets, particularly the ASX, with potential shifts in tech, healthcare, mining, and energy sectors. A Trump administration may favor deregulation and free-market policies, benefiting companies like Xero and CSL, while a Harris administration could impose stricter regulations, affecting compliance costs and market dynamics. Investors should monitor these developments closely, as changes in tariffs and trade policies could influence stock performance and economic growth.
Australia's biotechnology sector poised for growth at AusBiotech 2024
AusBiotech 2024, running from October 29 to November 1, will feature over 260 speakers discussing advancements in Australia's biotechnology sector, including artificial hearts, quantum computing, and medtech innovations. The event highlights the industry's growth, driven by strategic partnerships, government support, and emerging trends in human therapeutics and agricultural biotechnology. With a valuation of AU$100.042 billion, the sector is poised for continued expansion, supported by significant government investment in research and development.
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