The QBE Insurance Group Ltd (ASX: QBE) share price will be in focus today after the insurer reported its full-year earnings results to the market. The QBE share price ended Friday's session 1.3% lower and has fallen around 1% year-to-date.
Here's a quick recap:
- FTSE 100 (UK): down 0.38%
- DAX (Germany): down 1.2%
- CAC 40 (France): down 0.94%
- Dow Jones (USA): up 0.05%
- NASDAQ (USA): up 0.17%
QBE reported a 5% increase in net profit, or 16% on a constant currency basis, while its return on equity also rose to 8.1%, up from 7.5% the previous year.
The Amaysim Australia Ltd (ASX: AYS) share price could also move after the company reported a 38% increase in underlying earnings (EBITDA) while its statutory net revenue increased 17% year-over-year.
TFS Corporation Limited (ASX: TFC) also reported its results this morning. Its half-year revenue declined 4.3% compared to the prior corresponding period while its net profit declined 58% to $28.3 million.
Revenue rose slightly for Macmahon Holdings Limited (ASX: MAH) during the six months ended 31 December 2016 to $168.3 million, up from $156.7 million previously. However, it also reported a $23.3 million loss after tax, compared to a $3.3 million profit in the prior year.
Meanwhile, Infomedia Limited (ASX: IFM) reported a 3% increase in group revenue and a 16% increase in net profit, and Mesoblast limited (ASX: MSB) reported revenue of US$550 million for the second-quarter, down from US$4 billion previously.
Spark New Zealand Ltd (ASX: SPK) will be in the headlines today after it announced it had partnered with Netflix. Spark's customers will receive a subscription to Netflix's standard plan for one year when they sign up to a particular broadband plan – the first time that Netflix has been bundled with such a deal in New Zealand.
Elsewhere, the gold price continued to rise which could boost shares such as St Barbara Ltd (ASX: SBM), while iron ore and oil prices both slipped.
Before getting started on your day, be sure to check out these two articles:
