Stocks of interest on the Australian Securities Exchange on Friday:
AGO – ATLAS IRON – up 0.1 cents, or 3.45 per cent, at three cents
Atlas Iron has posted a $1.4 billion annual loss due to massive falls in the price of iron ore.
AHG – AUTOMOTIVE HOLDINGS – flat at $4.14
Automotive Holdings, Australia’s largest car and truck retailer, releases its full year results on Friday.
CWN – CROWN RESORTS – down 43 cents, or 3.2 per cent, at $13.09
Crown Resorts’ annual profit has slumped more than 40 per cent as the mining downturn affected its Perth casino and weak trading conditions in Macau hurt its joint-venture operations there.
FXJ – FAIRFAX MEDIA – up four cents, or 4.9 per cent, 85.5 cents
Fairfax Media’s bet on the Australian property market looks to be paying off, as print advertising and circulation continues to decline.
JHX – JAMES HARDIE – down 33 cents, or 1.8 per cent, at $17.95
Building products company James Hardie’s first quarter results are due out.
NWS – NEWS CORP – up 89 cents, 4.8 per cent, at $19.59
Romance books have given an earnings boost to Rupert Murdoch’s News Corp, but problems at its US digital education business have weighed on the media giant’s bottom line.
TLS – TELSTRA CORP – down 14 cents, or 2.3 per cent, at $6.10
New Telstra boss Andy Penn has committed to do whatever it takes to maintain the telco’s dominance of the Australian mobile market against a resurgent threat from rivals.