The Corporate Travel Management Ltd (ASX: CTD) share price will be in focus today after the company reported a 26% increase in revenue and a 55% increase in underlying net profit after tax (NPAT). So far in 2016, the CTD share price has declined almost 4.8% so investors will be looking for a bump today.
Here’s a quick recap:
- FTSE 100 (UK): down 0.42%
- DAX (Germany): down 0.42%
- CAC 40 (France): down 0.09%
- Dow Jones (USA): up 0.17%
- NASDAQ (USA): down 0.43%
A number of other companies have also reported their earnings results today, including RCG Corporation Ltd (ASX: RCG). The retailer reported a 34% increase in underlying NPAT while its revenue was up almost 40%.
Fellow retail business Super Retail Group Ltd (ASX: SUL) reported a 5% increase in like-for-like sales with continued strong growth in its Sports division.
The Mayne Pharma Group Ltd (ASX: MYX) share price will be in focus after the group reported a 132% increase in its first-half revenue while its NPAT rose 278%.
IMF Bentham Ltd (ASX: IMF) reported a 197% increase in net income from cases while its earnings per share was 8.22 cents.
Meanwhile, revenue rose 7.6% for Automotive Holdings Group Ltd (ASX: AHG), although its earnings before interest and taxes (EBIT) declined 6.3%. On the other hand, operating profit soared 27.2% for CBL CORP FPO NZX (ASX: CBL) with its underlying profit after tax up 23.9%.
Elsewhere, Rio Tinto Limited (ASX: RIO), BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) all fell sharply on Thursday, and could fall further again today after the iron ore price slipped 3.1%, according to The Australian Financial Review.
Before getting started on your day, be sure to check out these two articles:
- Flight Centre Travel Group Ltd share price plunges as profit falls 36%
- Why the Sky Network Television Ltd share price has fallen 12% today
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Corporate Travel Management Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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