The Motley Fool

10 highlights of the reporting season

Earnings season is nearly complete with over 90% of companies on the ASX having already released their quarterly, half-yearly or annual reports. Though the results have done little to spark the economy – the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fallen by 1.3% since August 14 – let’s have a look at some of the highlights so far from reporting season.

  • Commonwealth Bank (ASX: CBA) broke its existing record for the highest recorded profit by any Australian bank in history with a profit of $7.68 billion for the year – an 8% increase on the prior year.
  • Air New Zealand’s (ASX: AIZ) net profit after tax (NPAT) took off with an increase of 156% for the full year. The company declared that “This result is one that investors, Air New Zealanders, customers and our nation can be proud of.”
  • Australia’s largest national rail freight and port operator Asciano (ASX: AIO) increased its profit by 39% for the full year, aided by solid performances in its Pacific National Coal haulage division and Bulk and Automotive Port Services division.
  • Austbrokers Holdings (ASX: AUB) NPAT soared 60.7% for the year, aided by a 34% increase in sales
  • Super Retail Group (ASX: SUL) delivered a 23% increase in net profit for the year with strong like-for-like sales from all divisions
  • G8 Education (ASX: GEM) announced a 62% rise in profits and a 51% rise in revenues for the year
  • Shares in APN News and Media (ASX: APN) jumped 20% in a single day after it released a better-than-expected NPAT of $16.2 million – a fantastic result considering it announced a loss of $319.4 million the previous year due to a massive write-down of its New Zealand publishing business.
  • Fortescue Metals Group (ASX: FMG) defied the falling iron ore prices and delivered a 12% rise in net profit to US$1.75 billion
  • Leighton Holdings (ASX: LEI) boosted its profits by an incredible 240%, aided by the sale of 70% of its telecommunications assets
  • Ramsay Healthcare (ASX: RHC) also saw its profits jump by 15.1%, which can largely be attributed to strong performances in its Australian and Indonesian divisions.

Are you interested in our #1 dividend-paying stock? Discover The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

More reading

Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned in this article.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now