Topic | Earnings season | The Sydney Morning Herald

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Earnings season

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Corporate Australia to deliver ‘dividends bonanza’ despite fears lockdowns will derail economy

Corporate Australia to deliver ‘dividends bonanza’ despite fears lockdowns will derail economy

Investors are betting on hefty capital returns at the upcoming round of earnings results, despite COVID-19 lockdowns threatening to derail the economic recovery.

  • by Clancy Yeates

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‘We’ve been playing catch-up’: IAG lifts disaster budget after loss

‘We’ve been playing catch-up’: IAG lifts disaster budget after loss

IAG was hit by higher claims from natural disasters and personal injury compensation and refunds for customers who were overcharged.

  • by Clancy Yeates
Revealed: Facebook’s tax bill in Australia just $20m

Revealed: Facebook’s tax bill in Australia just $20m

Facebook shrugged off COVID-19 to grow revenue, but paid just $20 million in tax after funnelling over $500 million to an offshore subsidiary.

  • by Zoe Samios
CBA keeping close eye on housing investor loans as profits surge to $2.4b

CBA keeping close eye on housing investor loans as profits surge to $2.4b

Commonwealth Bank chief executive Matt Comyn says he would be wary about any resurgence in speculative borrowing by property investors.

  • by Clancy Yeates
Bank boom: Big four profits snap back from COVID-19 threat

Bank boom: Big four profits snap back from COVID-19 threat

This time last year, NAB chief executive Ross McEwan was bracing for what many thought would be the worst economic crisis since the 1930s Great Depression.

  • by Clancy Yeates
Foxtel performance provides ‘optionality’, Kayo nears 1m paying subscribers

Foxtel performance provides ‘optionality’, Kayo nears 1m paying subscribers

News Corp says the financial performance of Foxtel has provided it with more flexibility and options, after the global media company announced a $650 million refinance of the pay TV business’ debt.

  • by Zoe Samios
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Westpac to slash $2b in costs to head off low rates threat

Westpac to slash $2b in costs to head off low rates threat

Westpac chief executive Peter King has vowed to slash more than $2 billion in costs, including cutting head-office jobs and closing branches.

  • by Clancy Yeates
Netflix Australia revenue grows off major COVID-19 streaming boom

Netflix Australia revenue grows off major COVID-19 streaming boom

Netflix Australia made $20.5 million in revenue last year. Its tax bill was less than $600,000.

  • by Zoe Samios
Bright outlook for dividends after ‘stunning’ earnings season
Analysis
Dividends

Bright outlook for dividends after ‘stunning’ earnings season

Some analysts believe the market is on the cusp of a dividend “super-cycle” after surprisingly strong company results.

  • by Clancy Yeates
Myer profit jump not reliant on $51m JobKeeper, says CEO King
Updated
Myer

Myer profit jump not reliant on $51m JobKeeper, says CEO King

Myer chief executive John King has said the retailer’s jump in profits over the first half of the financial year was not reliant on JobKeeper payments, despite the business claiming $51 million as part of the scheme.

  • by Dominic Powell
Stark realities on display in week 3 of earnings

Stark realities on display in week 3 of earnings

Rent rebounds at Westfield owner Scentre Group were not enough to stop the $15 billion mall operator from hitting a $3.7 billion loss, while aviation stocks looked to chart a path back to normality as the vaccine rolls out.

  • by Emma Koehn