Stocks to watch on the Australian stock exchange on Friday, Aug 15:
AQZ – ALLIANCE AVIATION – up seven cents, or 5.5 per cent, at $1.35
Regional airline Alliance Airlines is confident of returning to form in 2015 after its profits more than halved during a “transitional year for the business”.
CWN – CROWN RESORTS – up 83 cents, or 5.6 per cent, at $15.66.
James Packer’s Crown has lifted its profit by two-thirds, but its Australian casinos are feeling the pinch from consumers worried about job losses and the economy.
DXS – DEXUS PROPERTY GROUP – steady at $1.155
Dexus Property Group has suffered a 21 per cent fall in full year profit, but says its fortunes will turn around with an improvement in economic conditions.
FXJ – FAIRFAX MEDIA – up 5.5 cents, or 6.2 per cent, at 94 cents
Fairfax Media has swung back into the black with a full year profit of $224.4 million, but revenue continues to fall.
GMG – GOODMAN GROUP – up six cents, or 1.1 per cent, at $5.32
Warehouse and office owner Goodman Group’s annual profit has soared due partly to rising property values.
SGN – STW COMMUNICATIONS – down 11.5 cents, or 7.9 per cent, at $1.35
One of Australia’s largest advertising companies STW Group has painted a gloomy picture for the year ahead, but insists it can still lift its profit.
SGT – SINGAPORE TELECOMMUNICATIONS – steady at $3.35
Optus continues to lose customers, contributing to another fall in revenue for the country’s second largest telco.
TLS – TELSTRA – up 12 cents, or 2.2 per cent, at $5.56
Telstra has lifted its dividend and announced a $1 billion share buyback, as its full year profit grew 14 per cent to $4.27 billion.