The S&P/ASX 200 Index (ASX: XJO) is having a disappointing finish to the week. In afternoon trade, the benchmark index is down 1% to 7,112.2 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Accent Group Ltd (ASX: AX1)
The Accent share price is up over 15% to $2.13. This follows the release of the footwear retailer's full-year results after the market close on Thursday. Accent surprised the market by posting a 7.7% increase in sales to $1.57 billion and a 39.6% lift in EBITDA to $289 million. Management also revealed that total sales are up 2.8% during the first seven weeks of FY 2024.
Aussie Broadband Ltd (ASX: ABB)
The Aussie Broadband share price is up 8% to $3.36. This morning, this broadband provider released its FY 2023 results and reported a 23.1% increase in revenue to $788 million and a 52.1% jump in EBITDA to $89.6 million. This was driven partly by strong growth in its Residential and Wholesale segments.
Regis Healthcare Ltd (ASX: REG)
The Regis Healthcare share price is up 6% to $2.38. Investors have been buying this aged care operator's shares after it reported an 8% increase in revenue to $780.6 million and a 7% lift in EBITDA to $83.3 million for FY 2023.
Wesfarmers Ltd (ASX: WES)
The Wesfarmers share price is up almost 3% to $50.69. This follows the release of the conglomerate's FY 2023 results. The Bunnings and Kmart owner posted an 18.2% jump in revenue to $43.5 billion and a 4.8% lift in net profit after tax to $2.47 billion. This was driven by a combination of organic growth (7.4%) and acquisitions. Highlights include Bunnings posting a 4.4% rise in revenue to $18.5 billion and Kmart Group delivering a 16.5% rise in revenue to $10.6 billion.
