In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 0.7% to 7,481.6 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are soaring:
Blackmores Limited (ASX: BKL)
The Blackmores share price has jumped 11% to $88.68. This follows the release of the health supplements company's full year results. For the 12 months ended 30 June, Blackmores reported a 1.3% increase in revenue to $575.9 million and a 51.7% jump in underlying net profit after tax to $25.4 million.
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up 4% to $16.99. This morning the leading travel agent reported its FY 2021 results and revealed a 74.2% decline in total transaction value (TTV) to $3,945 million. This ultimately led to Flight Centre reporting an underlying loss after tax of $364 million. However, management stated its belief that it can reach profitability in FY 2022. This appears to have boosted its shares.
Kuniko Ltd (ASX: KNI)
The Kuniko share price is rocketing 230% higher to $2.55. At one stage today, the battery metals explorer's shares were up as much as 350% amid excitement around its exploration activities in Norway. Kuniko shares were spun out of Vulcan Energy Resources Ltd (ASX: VUL) earlier this week and began trading at just 20 cents.
Qantas Airways Limited (ASX: QAN)
The Qantas share price has risen 3.5% to $5.04. This is despite announcing a $2.35 billion pre-tax loss this morning. However, news that the airline is getting ready for international flights to resume before Christmas appears to have offset this and given the Qantas share price a boost today. This is based on the theory that Australia's international borders will be cracked open when 80% of eligible Australians are vaccinated against COVID-19.
