The Cash Converters International Ltd (ASX: CCV) share price could receive some attention today after the group released its half-year earnings results. The CCV share price has gained 3% since the beginning of the year but has lost almost a third of its value over the past 12 months.
Here's a quick recap:
- FTSE 100 (UK): up 0.13%
- DAX (Germany): up 0.16%
- CAC 40 (France): flat%
- Dow Jones (USA): up 0.08%
- NASDAQ (USA): up 0.28%
In its report today, Cash Converters reported a 7.8% decrease in revenue compared to the prior corresponding period which it attributed to an anticipated reduction in lending volumes. Its net profit after tax was down 27.9%.
Gage Roads Brewing Co Limited (ASX: GRB) also reported its results. The brewer's half-year revenue rose 2% compared to the prior corresponding period while net profit rose 92% to $1.4 million.
Other companies reporting their earnings today include Alcidion Group Ltd (ASX: ALC) and Appen Ltd (ASX: APX).
The Bellamy's Australia Ltd (ASX: BAL) share price could be in focus after The Australian Financial Review indicated its chairman, Rob Woolley, could resign from his role. That comes after months of controversy for the infant formula producer amid a significant slowdown in sales and a plunge in earnings.
Mayne Pharma Group Ltd (ASX: MYX) announced it has entered into a long-term exclusive license and supply agreement with Mithra Pharmaceuticals for its Myring device.
Iron ore producer Fortescue Metals Group Limited (ASX: FMG) also released a presentation showing its C1 Cost had been reduced by 20% to $13.06 per wet metric tonne.
Meanwhile, BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) could also receive some attention after a 2% lift in the iron ore price overnight.
Before getting started on your day, be sure to check out these two articles:
