For a second day running, the local share market saw an incredible number of companies reporting interim and full-year results.
While the results of the likes of Flight Centre Travel Group Ltd (ASX: FLT) and Santos Ltd (ASX: STO) may have gained a lot of coverage in the media, a few others slipped under the radar.
Here are three results you may have missed on Thursday:
The Alumina Limited (ASX: AWC) share price climbed 6% to $2.15 after the miner and metals company reported a stunning 1,651% increase in first-half net profit after tax to US$136.6 million. The result was driven largely by higher prices realised by its joint venture with U.S. mining giant Alcoa. Although future bauxite demand is expected to be steady, the company believes that the Chinese government's crackdown on pollution could impact supply and increase prices.
The Shaver Shop Group Ltd (ASX: SSG) share price finished the day 6% higher at 68 cents following the release of the specialty retailer's full-year results. Shaver Shop posted pro forma net profit after tax of $9.1 million on revenue of $142.6 million. This was a 20.7% and 33.6% increase on FY 2016, respectively. Investors appear to have been impressed that the first seven weeks of FY 2018 have seen like-for-like sales growth of around 15%. However, recent supply uncertainty for key products sold through its multi-unit reseller channel could impact its like-for-like sales growth moving forward. A strong result but I think there are better options in the retail industry right now.
The Village Roadshow Ltd (ASX: VRL) share price fell almost 2% to $3.79 after the release of its preliminary full-year results. Investors appear to have been disappointed with the company's net profit after tax of $23.6 million, down 54% from the $50.9 million profit it delivered in FY 2016. Whilst all of its segments posted a decline in earnings, its Theme Park segment was the worst performer. That segment swung from a $16 million profit in FY 2016 to a $7 million loss this year. Pleasingly management expects the segment to bounce back in FY 2018 and deliver a substantial improvement in EBITDA. I would suggest investors hold off an investment until there are signs of an improvement.
