These 3 S&P/ASX 200 companies are finishing the trading week on a high at the top of the gainers list this Friday.
Aristocrat Leisure Limited (ASX: ALL)
Gaming developer, manufacturer and distributor Aristocrat Leisure is finishing the trading list on a high this week near the top of the S&P/ASX 200 gains list with its share price up 5.1% to $31.60 at the time of writing.
Aristocrat impressed the market with its half-year results presentation yesterday, handing down NPAT rise of 24.4% to $361.5 million for the six months to March 31, 2017 – up from $273 million for the previous corresponding period.
Shareholders have been well-looked after with a 19c per share interim dividend, fully-franked, with Aristocrat also booking an operating revenue rise of 33.6% and EBITDA up 28.9%.
The results announcement confirmed Aristocrat expects double-digit NPATA growth to continue over the 12 months to September 30, 2018 with the company confident it can "defend market-leading share" for sales segments across North America, Australia and New Zealand.
It's certainly been a positive week of trading for Aristocrat and investors with skin in the game can only hope it will continue.
Resolute Mining Limited (ASX: RSG)
Gold mining and exploration company Resolute Mining Limited is sitting at the top of the S&P/ASX 200 gains list at the time of writing with its share price up 4.8% to $1.18.
Resolute has experienced a volatile 12 month of share pricing, with today's rise likely attributable to the company's release of excellent drilling results at its Tabakoroni project located south of the Syama gold mine in Mali.
Resolute's announcement says a "major gold discovery" has been found on site, with "thick sections and high grades from diamond drilling" unlocking new potential and new zones of mineralisation.
Resolute has plans to commence open pit mining operations at Tabakoroni in the coming months with CEO John Welborn saying the discoveries are "significant" with "outstanding" analytical results.
Gold mining peers Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) are also both on the up today to finish the trading week, with Evolution shares rising 0.7% to $3.28 at the time of writing and Regis sitting up 1.1% to $4.86.
A2 Milk Company Ltd (ASX: A2M)
S&P/ASX 200 market darling and infant formula player A2 Milk Company Ltd is finishing the trading week near the top of the gains list with its shares up 3.6% to $10.20 at the time of writing.
While A2 has rarely put a foot wrong in the last 12 months its share price sunk back somewhat during March and April but has been back on the rise this week – up from $9.30 on May 23.
A2 released a trading update earlier this month which revealed its group A2 platinum infant formula brand revenue had zoomed up 85% in the first half with revenue of $341 million.
Revenue out of its Chinese operations also almost trebled for the period with a closing cash balance of $240.2 million at period end.
A2 has led the Chinese infant formula market alongside Bellamy's Australia Ltd (ASX: BAL) who finished the week down 0.9% at $16.15.
