It's was a pretty shaky start to the week for the S&P/ASX 300 Index (ASX :XKO) and ASX shares this Monday. The ASX 300 Index added just under 0.05% to its value by market close but jumped between gains and losses all day.
But just because the index had a case of Monday jitters doesn't mean all ASX 200 or ASX 300 shares were anaemic. So let's discuss three ASX shares that moved in a big way on their latest earnings reports this Monday.
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Three ASX 300 shares bucking the market on Monday
oOh!Media Ltd (ASX: OML)
ASX 300 outdoor advertising share oOh!Media is the first company worth a look at today. We got a look at oOh!Media's full-year results for 2022 this morning, and investors were clearly impressed with what was on display. The oOh!Media share price gained a healthy 4.05% today to close at $1.54 a share.
Revenues rose 18% to $592.6 million, while adjusted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was up 64% to $127.1 million. Adjusted net profit before tax (NPAT) spiked an impressive 343% to $56.2 million. This all helped the company raise its final dividend by 200% to 3 cents per share.
GPT Group (ASX: GPT)
ASX 200 real estate investment trust (REIT) GPT Group is next up this Monday.
GPT also reported its full-year results for 2022 this morning. Funds from operations rose 11.9% to $620.6 million, while free cash flow was up 6.7% to $499 million.
However, thanks to "negative revaluation movements", statutory net profit after tax fell from $1.42 billion to $469.3 million. That didn't stop GPT from raising its final distribution though, which has risen 7.8% to 25 cents per unit.
GPT units initially responded well this morning to these earnings, rising as high as $4.68. But investors cooled their heels, and the REIT was back down to close at $4.57, down 1.72% for the day.
EVT Ltd (ASX: EVT)
Finally today, let's discuss ASX 200 entertainment company EVT. It was EVT's turn to present its own half-year results this morning, covering the six months to 31 December 2022.
In this case, it was green numbers across the board. EVT reported a 58.9% surge in revenues to $607 million for the half-year, while EBITDA rose a whopping 1,266.4% to $30.9 million. Meanwhile, reported net profits came in at $96.74 million, up from $63.4 million on the prior year.
But clearly, investors had been hoping for more. The EVT share price closed down 1.2% today at $14.02 a share. That's despite spiking to $14.94 early this morning.
