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The Australia 200 index rose 38 points (0.48%) to 7957, poised for its best close in nearly two weeks, buoyed by supermarket stocks following ACCC findings. The real estate sector also gained amid expectations of an RBA rate cut in May, while the financial sector showed signs of recovery. Gold prices retreated from record highs, and Paladin's uranium operations were suspended due to heavy rainfall.
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.
Mirvac Group
Companies
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Australia 200 rebounds as rate cut expectations boost supermarket and real estate stocks
Australian Dollar
N-able, Inc.
Westpac Banking Corp
Mirvac Group
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Lendlease Group
Gold Road Resources Ltd
Paladin Energy Ltd
Deep Yellow Ltd
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Metcash Ltd
De Grey Mining Ltd
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AUS
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06:28 21.03.2025
Cochlear and GQG Partners report strong financial results amid market challenges
Australian Dollar
AMP Limited
Charter Hall Retail REIT
Mirvac Group
GQG Partners Inc.
Cochlear Limited
AUS
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01:39 17.02.2025
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