Earnings season: Winners and losers on the ASX today

S&P/ASX 200 trades flat as Telstra Corporation Ltd (ASX:TLS) and ASX Limited (ASX:ASX) report half year earnings

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Another day of reporting seasons and the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) can’t make up its mind in which direction to go. In mid-morning trading, the index is trading flat after an early spike.

Here’s a round-up of the biggest winners and losers so far.

The property companies Mirvac Group (ASX: MGR) and Goodman Group (ASX: GMG) are up 1.7% and 0.9% respectively. Mirvac posted a 13.4% gain in profit of $279 million while Goodman delivered a 10% increase in operating profit of $327 million – both for the half year to December 2014.

Telstra Corporation Ltd’s (ASX: TLS) shares are flat at $6.49 after the giant telco posted a net profit of $2.1 billion, up 22.4% over the previous year. The company increased its dividend to 15 cents for the half year, up 0.5 cents compared to the previous year, although most analysts were expecting a 15.5 cents dividend.

Alliance Aviation Services Ltd (ASX: AQZ) has seen its shares fall 5.7% to 50 cents, after the fly-in, fly-out airline posted an 11.2% fall in first-half underlying profit. The company has been hit by the downturn in the resources sector and has canceled its dividend to conserve cash.

In contrast to Telstra, Singapore Telecommunications Ltd (CHESS) (ASX: SGT) Optus division lost customers and net profit fell 8.2% for the three months ending December 2014. Singtel’s shares were up 1% at $3.96.

ASX Limited (ASX: ASX), operator of the Stock Exchange has seen its shares fall 1.3%, after an uninspiring result. Half year net profit rose just 4.7%, despite revenues rising 5.9%, suggesting the company is struggling to keep costs down. ASX declared a fully franked dividend of 92.3 cents per share.

Toll road operator Transurban Group (ASX: TCL) shares are trading flat at 9.33, after reporting a loss of $354 million for the half year to December 2014. Excluding one-off items, net profit fell from $81 million last year to $52 million this half.

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Motley Fool writer/analyst Mike King owns shares in Telstra. You can follow Mike on Twitter @TMFKinga

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