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Did you miss these bumper profit results today?

It was yet another big day of results for the Australian share market with the likes of Woolworths Group Ltd (ASX: WOW) and NIB Holdings Limited (ASX: NHF) releasing their numbers.

A couple of top results that may have flown under the radar today are summarised below. Here’s how they fared:

The Citadel Group Ltd (ASX: CGL) share price jumped 7% higher after the software and services company posted a full-year net profit after tax of $19.4 million, up 26% year-on-year. According to the release, revenue was up 9.8% to $108.5 million in FY 2018 as contracts increased in scale and new contracts were won across all its verticals.

Pleasingly, FY 2019 looks set to be a strong year for the company. Management advised that it has a record sales pipeline across its key verticals and is particularly excited about the significant possibilities for its citizen-centric safety and incident management platform.

The strong result allowed the board to declare a total full franked dividend of 13.8 cents per share in FY 2018, equating to a 1.9% yield. While this isn’t the biggest yield on offer, I think its strong long-term growth potential means it could increase significantly in the future. I continue to class Citadel as a buy.

The Superloop Ltd (ASX: SLC) share price surged 6% higher on Monday after the telecommunications infrastructure company released a strong full-year result. Superloop delivered a net profit after tax of $7.1 million on revenue of $125.2 million. Revenue was up 109% on the previous year and its net profit compared to a loss of $1.2 million in FY 2017.

A key driver of its growth was its Superloop segment which includes fixed line and fixed wireless connectivity solutions for wholesale and enterprise customers. That segment saw revenue double year-on-year to $61.2 million. Also contributing strongly was its Superloop+ segment, previously known as the Cloud & Managed Services segment. Revenue jumped 68% to $36.6 million reflecting the contribution for the full year from BigAir’s CMS business. Its shares are expensive at 76x earnings, but could still be worth a closer look if you have a high tolerance for risk.

These 3 stocks could be the next big movers in 2020

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In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Citadel Group Ltd. The Motley Fool Australia has recommended NIB Holdings 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 Scott Phillips.

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