The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. In afternoon trade, the benchmark index is down 0.2% to 7,133.6 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Audinate Group Ltd (ASX: AD8)
The Audinate share price is up 16% to $11.99. This follows the release of the media networking solutions provider's FY 2023 results. Audinate reported a 40% increase in revenue to a record of US$47 million. Things were even better for its EBITDA, which grew 156.4% to A$11 million. And on the very bottom line, Audinate recorded its first profit of A$1.4 million.
Breville Group Ltd (ASX: BRG)
The Breville share price is up 14% to $26.34. Investors have been buying this appliance manufacturer's shares after it released its full-year results. Breville reported a 4.2% increase in revenue to $1.48 billion and a 10% lift in EBIT to $172 million. The latter was at the top end of its guidance range. Looking ahead, management notes that its expense budget "is again set with flexibility to deliver EBIT growth under a range of probable revenue scenarios."
NIB Holdings Limited (ASX: NHF)
The NIB share price is up almost 7% to $8.54. This morning, this private health insurer reported a 10.9% increase in revenue to $3.1 billion and a 42.8% lift in net profit after tax to $191 million. This allowed the NIB board to increase its dividend by 27% to 28 cents per share.
Premier Investments Limited (ASX: PMV)
The Premier Investments share price is up 13% to $24.54. This morning, this retail conglomerate released a trading update that reveals that it expects to post record sales and earnings for FY 2023. The company also advised that it is undertaking a strategic review of its businesses and that its CEO has resigned.
