But they weren’t the only ones reporting. Three results that you might have missed are summarised below. Here’s how they performed:
HT&E Ltd (ASX: HT1)
This media and outdoor advertising company released its half year results on Wednesday and reported a 4% decline in revenue from continuing operations to $130.9 million. This was due to a softer radio market in Australia and the non-renewal of a material revenue contract in Hong Kong. Due to a change in its accounting practices, the company posted a 26% increase in EBITDA to $38.1 million. Whereas half year EBIT rose just 6% to $29.2 million. Looking ahead, the company warned that the radio market has continued to soften and that cost growth is expected to exceed revenue growth in the second half.
Lifestyle Communities Limited (ASX: LIC)
This retirement living company posted an underlying profit after tax of $41.1 million in FY 2019, up 21.6% on the prior corresponding period. The company’s managing director, James Kelly, advised that the strong result had been driven by 337 new home settlements and an increase in annuity income from the rentals in the communities. In light of this, Lifestyle Communities declared a final fully franked dividend of 3 cents per share, which took its full year dividend to 5.5 cents per share. This was a 22% increase from the 4.5 cents per share it paid out to shareholders in the prior year.
Think Childcare Ltd (ASX: TNK)
This childcare operator’s shares crashed lower on Wednesday following the release of its half year results. Although the company posted a 12% increase in like for like service performance (a combination of revenue, labour, and occupancy), it swung to a loss after tax of $0.4 million. But perhaps the biggest news of all was Think Childcare’s plan to restructure. Management revealed its intention is to pursue a new incubator strategy through a stapled security structure which will be listed on the ASX.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of National Australia Bank 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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