The full year results of private hospital operator Ramsay Health Care Limited (ASX: RHC) and the half year results of lithium miner Galaxy Resources Limited (ASX: GXY) may take the headlines today, but they weren’t the only companies releasing their numbers.
Three results that may have slipped under your radar are summarised below:
The Atlas Arteria Group (ASX: ALX) share price is down almost 4.5% to $6.74 after the toll road operator posted a disappointing half year result. Although the company, formerly known as Macquarie Atlas Roads, reported a 3.4% increase in its aggregate portfolio traffic and a 5.6% lift in proportionate revenue to $559.9 million, it posted a first half loss of $15.5 million. The loss includes expenses from internalisation costs and performance fees which were calculated pursuant to its Internalisation Proposal.
The Compumedics Limited (ASX: CMP) share price has zoomed 17% higher to 55 cents after reporting a sizeable jump in profits in FY 2018. The medical device company posted an 8% increase in revenues for shipped and invoiced sales to $37 million and a whopping 133% jump in net profit after tax to $2.8 million. In addition to this, investors appear to have been pleased with the company’s guidance for FY 2019. Management expects revenue in the range of $40 million to $42 million and net profit after tax in the range of $4 million to $5 million. At the high end of its guidance range this means growth of 13.5% and 78.5%, respectively. Sales could be given an additional lift its China joint venture goes ahead. A decision on this joint venture is expected by mid-November.
The Silver Chef Limited (ASX: SIV) share price has risen almost 3% to $2.26 after the commercial equipment rental company released its preliminary full year results. Silver Chef’s results were impacted greatly by the exit of its GoGetta business and a material reset of its collections strategy. This led to the company reporting a statutory net loss after tax of $48 million. One bright spot was that its underlying hospitality business posted a net profit before tax of $17.3 million. Looking ahead, the board and management remain confident in its core hospitality business and believe its transformation strategy will deliver growth and returns over coming years.
Earlier this year, millions of Australians set alarms and watched the world's biggest sporting event, the World Cup, play out. But did you know there was another Australian representative quietly succeeding as the world watched?
It's the start-up who have positioned themselves as the global leader in sports analytics. Motley Fool's resident tech expert has already upgraded the recommendation of this company's stock to a rating of simply "Buy More".
Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia has recommended Ramsay Health Care 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.