The S&P/ASX 200 Index (ASX: XJO) is have a difficult session. In afternoon trade, the benchmark index is down 7% to 7,607.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Codan Ltd (ASX: CDA)
The Codan share price is up almost 14% to $9.55. This morning, the electronic products company released its half-year results and reported a 26% increase in group revenue to $265.9 million and a 24% lift in net profit after tax to $38.1 million. This was underpinned by strong growth across both its Communications and Metal detection businesses.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is up 2.5% to $40.53. This follows the release of the pizza chain operator's half-year results. Although Domino's reported a 13% decline in net profit after tax to $62.3 million, investors were pleased to see that the second half has started positively. For example, ANZ same store sales were up 8.39% during the first seven weeks of the half.
Lottery Corporation Ltd (ASX: TLC)
The Lottery Corporation share price is up over 2% to $5.16. Investors have been buying this lotteries company's shares after it posted a 1.8% decline in revenue to $1,738.3 million but a 25.7% increase in net profit after tax (including significant items) to $217.4 million.
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price is up 11% to $88.72. This follows the release of the logistics solutions company's half-year results. Wisetech reported a 32% increase in revenue to $500 million and 23% lift in EBITDA to $230 million. The main driver of its growth was the key CargoWise business, which reported a 40% increase in revenue to $421 million.
