3 ASX 300 company earnings results you might have missed

These reports are flying under the radar today.

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There's been a flurry of activity to start the week as ASX reporting season nears the final bend.

In late afternoon trade, the S&P/ASX 300 Index (ASX: XKO) is tumbling by 1.9%.

Today has seen some big-name reports from the likes of Fortescue Metals Group Limited (ASX: FMG) and A2 Milk Company Ltd (ASX: A2M).

Amidst all of the news, let's check out reports from three ASX 300 shares that are flying under the radar today.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay share price is brushing off the negative market sentiment to edge higher today.

At the time of writing, Dalrymple Bay shares have inched 0.5% higher to $2.15 as investors appear satisfied with the company's first-half FY22 results.

The company holds a 99-year lease of the Dalrymple Bay Terminal (DBT), the world's largest metallurgical coal export facility.

For the first half of FY22, the company generated total revenue of $255.7 million, up 7% from the prior corresponding period (pcp) of 1H21.

Net profit after tax (NPAT) came in at $6.6 million, with comparisons from the pcp muddied due to a reversal of IPO transaction costs in the prior year.

Dalrymple Bay declared a second-quarter distribution of 4.5675 cents per security, taking first-half distributions to 9.135 cents. 

Total FY22 distribution guidance remains at 18.27 cents. This puts Dalrymple Bay shares on a forward dividend yield of 8.5%.

29Metals Ltd (ASX: 29M)

The 29Metals share price is performing roughly in line with the ASX 300 today. 29Metals shares have retreated 1.9% at the time of writing to $2.02.

The copper-focused ASX miner handed in its first-half FY22 results this morning, headlined by a 23% jump in revenue to $356 million.

This top-line growth was driven by higher copper and zinc production along with favourable Australian dollar commodity prices. Partially offsetting this was softer gold production and higher treatment and refinement charges.

In the first half, 29Metals delivered copper equivalent production of 34 kilotonnes (kt), up 14% compared to pro-forma 1H21 results.

The company recorded a big improvement in operating cash flow, which came in at $109 million.

This helped the company to strengthen its balance sheet position, ending the period with net cash of $16 million.

29Metals also announced a maiden dividend, declaring a fully franked interim dividend of 2 cents per share.

InvoCare Limited (ASX: IVC)

Funeral home operator InvoCare is another ASX 300 share that reported half-year results today.

At the time of writing, the InvoCare share price is slightly outperforming the ASX 300 index, falling 1.4% to $11.

In the first half of FY22, InvoCare generated 9% top-line growth as revenue hit $285 million. The company also delivered record operating earnings, which lifted by 10% to come in at $44 million.

These results were achieved against a backdrop of ongoing COVID impacts, a spike in 'excess deaths', unusually inclement weather, and an inflationary economic environment.

On the back of the record profit result, InvoCare cranked up its interim dividend by 42%. It declared a fully franked interim dividend of 13.5 cents, putting shares on a trailing dividend yield of 2.3%.

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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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