Once again it was a busy day of results releases on the Australian share market.
Three results you may have missed are listed below. Here’s a summary of how they performed:
Asaleo Care Ltd (ASX: AHY)
On Tuesday Asaleo Care released a disappointing half year result due largely to the negative impact of higher pulp prices. The personal care products company reported an 8% decline in underlying EBITDA from continuing operations to $39.4 million and a 31% drop in underlying net profit after tax to $14.3 million. Due to its weak performance no interim dividend was declared. Looking ahead, management reaffirmed its FY 2019 underlying EBITDA from continuing operations guidance of $80 million to $85 million.
Money3 Corporation Limited (ASX: MNY)
This specialist provider of consumer finance was on form again in FY 2019. Thanks to a 48.1% increase in its gross loan book to $374 million, Money3 reported a 24.6% increase in revenue to $91.7 million and a 9.4% lift in normalised net profit after tax to $35 million. Management advised that this was the result of strong organic growth of 28.2% in its Australian operations and the acquisition of Go Car Finance in New Zealand. The Money3 board declared a final fully franked dividend of 5 cents per share, taking the full year dividend 5.2% higher year on year to 10 cents per share.
Wellcom Group Limited (ASX: WLL)
This leading global creative production and digital marketing services company released its full year results and revealed a 12% increase in net revenue to $120.4 million, a 36% jump in EBITDA to $27.8 million, and a 33% lift in profit after tax from continuing operations to $11.7 million. This profit was inflated by one-off items and would have been 13% higher year on year if you excluded them. The strong result was driven by increasing revenue from across all its operations and allowed Wellcom to declare a fully franked 22 cents per share full year dividend and a fully franked 10 cents per share special dividend.
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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia has recommended SEEK Limited and Wellcom Group 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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