In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,499 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Adore Beauty Group Ltd (ASX: ABY)
The Adore Beauty share price is up 3.5% to $4.99. This follows the release of the online beauty retailer's full year results. For the 12 months ended 30 June, Adore Beauty reported a 48% increase in revenue to $179.3 million and a 53% jump in EBITDA to $7.6 million. A key driver of this growth was a 39% increase in active customers to 818,000.
Fortescue Metals Group Limited (ASX: FMG)
The Fortescue share price has risen 6% to $21.25. Investors have been buying the iron ore miner's shares following the release of its full year result. For the 12 months ended 30 June, Fortescue reported a 117% increase in net profit after tax to US$10.3 billion. This was just ahead of the analyst consensus estimate of US$10.2 billion. This strong performance allowed the Fortescue Board to declare a fully franked final dividend of $2.11 per share. This doubled its full year dividend to $3.58 per share.
InvoCare Limited (ASX: IVC)
The InvoCare share price has jumped 8% to $12.14. This follows the release of a strong half year update by the funeral company this morning. InvoCare returned to form during the first half, delivering a 13% increase in operating revenue to $257.3 million and a 31% lift in operating EBITDA to $63.6 million.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price has surged 11% higher to $14.42. This strong gain has been driven by the release of the online furniture and homewares retailer's full year results. And while its numbers were largely pre-released at the end of July, today's release included an update on current trading. That update revealed that revenue between 1 July and 27 August was up 49% over the prior corresponding period.
