The S&P/ASX 200 Index (ASX: XJO) has started the week in a subdued fashion. In afternoon trade, the benchmark index is down 0.2% to 7,417.3 points.
Four ASX share that are not letting that hold them back are listed below. Here's why they are charging higher:
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Audinate Group Ltd (ASX: AD8)
The Audinate share price has jumped 11% to $7.96. Investors have been buying this media networking solutions provider's shares after it delivered a record half year result. Audinate reported a 39.3% increase in revenue to US$20.6 million and a 30% lift in gross profit to US$14.5 million. Management also revealed that its sales backlog remains at record levels.
Endeavour Group Ltd (ASX: EDV)
The Endeavour share price is up 3.5% to $7.06. This follows the release of the drinks giant's half year update. Endeavour reported a 2.5% increase in sales to $6.5 billion and a 17% jump in profit after tax to $364 million. The latter came in ahead of Goldman Sachs' estimate of $346 million, which itself was ahead of consensus expectations.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is up 5% to $4.96. Investors have been buying this insurance giant's shares after the release of its half year results. IAG reported gross written premium growth of 7.5% to $7.06 billion and a 171% jump in net profit after tax to $468 million.
Vitura Health Ltd (ASX: VIT)
The Vitura Health share price is up 8.5% to 57 cents. This follows the release of the cannabis company's half year results. Vitura, formerly known as Cronos Australia, reported record gross revenue of $57.6 million and a record net profit of $7.7 million. Both were more than double compared to the prior corresponding period.
