In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for its second successive day of gains. At the time of writing the index is up 0.6% to 6,308.6 points.
Four shares that have climbed more than most today are listed below. Here’s why they are storming higher:
The Appen Ltd (ASX: APX) share price has climbed 4% to $14.70 following the release of its half year results. For the six months ended June 30 Appen achieved revenue of $152.8 million, underlying EBITDA of $25.6 million, and underlying net profit after tax of $17.8 million. This was an impressive increase of 106%, 87%, and 119%, respectively, on the prior corresponding period. As a result of this strong performance, management lifted its full year underlying EBITDA guidance for FY 2018 to between $54 million and $59 million from $50 million to $55 million.
The Blackmores Limited (ASX: BKL) share price has zoomed 9% higher to $158.55 after the health supplements company released its full year results. For the 12 months ended June 30, Blackmores posted sales revenue of $601.1 million and net profit after tax of $70 million. This was an increase of 9% and 19%, respectively, on FY 2017’s result. Strong sales into China and the rest of Asia were largely the behind the positive result.
The Bravura Solutions Ltd (ASX: BVS) share price has surged 4.5% higher to $3.78. This morning the fintech company released full year results which revealed a 15% increase in revenue to $221.5 million and a 27% jump in underlying net profit after tax to $27 million. The growing popularity of its Sonata platform underpinned the impressive result.
The Propel Funeral Partners Ltd (ASX: PFP) share price has stormed 10% higher to $3.02 after the funerals company delivered a 76% increase in full year revenue to $80.9 million and a 128% increase in pro forma operating net profit after tax to $12.5 million. Looking ahead, management believes the business is well positioned to generate sustainable long-term growth.