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asx 200 reporting season highlights revenue growth and strategic company changes
Nick Scali reported a revenue of $251 million, marking a 10% year-over-year growth, but profits fell 30% to $30 million, with a dividend of $0.30 per share. Charter Hall Retail REIT saw a significant revenue increase of 119% to $51 million. Domino's Pizza plans to close 205 unprofitable stores, focusing on cost efficiencies in Japan and France, while A2 Milk receives a buy rating from Bell Potter and Citi, with a price target of $2.81 per share. McMillan Shakespeare was downgraded from buy to hold, with a price target of $15.80. Upcoming updates from JB Hi-Fi, Carsales.com, Dexus Convenience Retail REIT, and Fiducian Group are anticipated.
strong financial results reported by news corp and other asx companies
News Corp reported a revenue of US$2.24 billion, marking a 5% year-over-year growth, with net income rising 58% to US$306 million. REA Group achieved A$873 million in revenue, up 20% YoY, while Beach Energy's sales revenue reached A$990 million, reflecting a 5% increase. Pexa Group announced a significant rise in its impairment forecast, and upcoming earnings reports are anticipated from AGL Energy, Charter Hall Retail REIT, Nick Scali, and Lithium Energy.