CENTRO Properties Group has reported a net loss of more than $1 billion for the first half of 2007-08, with US property writedowns behind much of the huge loss, sending its shares plunging.
Archive for February, 2008
GRAINS marketer ABB Grain expects a net profit of $30 million to $35 million for the current financial year.
CONSUMERS’ strong appetite for entertainment has delivered Harvey Norman 27.5 per cent increase in its first-half net profit, but its shares have been dumped on the ASX.
INSURANCE Australia Group (IAG) said it was still in dispute with rival Suncorp Metway over the acquisition of the 50 per cent of truck insurer NTI that it does not already own.
AGL Energy Ltd, Australia’s largest gas and electricity retailer, says it’s on track to meet its annual underlying earnings guidance after posting a dip in first half profit.
SHARES in Centro Retail Trust jumped 30.2 per cent today after Centro Properties Group said it had a strong portfolio and was well placed to weather a US economic downturn.
Temasek Holdings, one of the Singapore government’s investment vehicles, has lifted its stake in troubled childcare provider ABC Learning Centres.
FORESTRY group Gunns today reported a 27.6 per cent fall in first-half profit.
SUNCORP Metway chief executive John Mulcahy says a 7 per cent dip today in the banking and insurance group’s share price wasn’t particularly concerning.
SUNCORP-Metway has reported a 27.5 per cent fall in first-half profit after bad weather and the fallout from the global credit crisis hit its bottom line.
