MENU

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.

As well as Citadel and Superloop, these top shares could be in the buy zone right now.

4 Stocks for Building Wealth After 50

Renowned investor Scott Phillips just released a brand-new report detailing his 4 favourite stocks to buy right now.

And I don’t know about you, but I always pay attention when some of the best investors in the world give me a stock tip.

This is your chance to get in at the very beginning of what could prove to be very special investments.

Click here to get started today!

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!