Stocks to watch on the Australian stock exchange at close on Monday:
DJS – DAVID JONES – up 13 cents, or 5.0 per cent, at $2.74
David Jones has offloaded its worst performing division and largest drain on sales to Dick Smith Electronics.
GPT – GPT GROUP – up 2.0 cents, or 0.5 per cent, at $3.74
Property group GPT has blamed softening market conditions for a 6.7 per cent profit drop.
JBH – JB HI-FI – up 60 cents, or 3.2 per cent, at $19.12
JB Hi-Fi has defied a difficult trading environment to lift sales and profit, and expects the trend to continue for the next 12 months.
JHX – JAMES HARDIE INDUSTRIES – up 29 cents, or 3.1 per cent, at $9.57
Building products maker James Hardie expects profit to be steady as housing conditions in the United States and Australia improve.
NCM – NEWCREST MINING – up 91 cents, or 7.9 per cent, at $12.39
Australia’s largest gold miner Newcrest Mining has reported an annual net loss of $5.78 billion for the 12 months to June 30.
TOE – TORO ENERGY – down 0.3 cents, or 3.4 per cent, at 8.6 cents
The company that hopes to develop Western Australia’s first uranium mine has bought a significant uranium project nearby, saying it offers expansion opportunities.
UGL – UGL – up 12 cents, or 1.6 per cent, at $7.52
UGL will demerge its engineering and property arms in the hope a separation will boost the performance of both businesses.
