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<WIRE> Rob Adams Assumes Dual Role at Perpetual (ASX:PPT)

Rob Adams has taken on a dual role at Perpetual, now serving as both the Group CEO and Chief Executive of Asset Management.

This positioning effectively combines his leadership over the entire company with particular oversight of the asset management department.

Perpetual (ASX:PPT) is a financial services company specializing in investment management and wealth creation.





<WIRE> Wam Research (ASX:WAX) Posts Higher FY Results

Wam Research recently reported a substantial increase in its financial year results.

The firm’s net profit from ordinary activities, after income tax expense, came to a sizable A$16.9 million, marking a rise of 181.4%.

In addition, Wam Research (ASX:WAX) also saw a significant surge in revenue from ordinary activities, reaching A$25.8 million, an increase of 193.4%.

The firm concluded by declaring a final dividend of 5 Australian cents per share.

Wam Research is an investment firm which focuses on maximizing tax-effective income and capital growth.


<WIRE> South32 (ASX:S32) Poised for Largest Single-Day Loss in 13 Weeks Following Annual Profit Decline

Following a substantial annual profit slump, shares of South32 fell up to 3.2% to A$3.63, marking their most significant intraday percentage decrease since May 25.

The diversified miner posted underlying earnings for the year at $916 million, quite a drop-off from the fiscal 2022 figure of $2.60 billion.

The company reported an annual statutory loss of $173 million, attributing it to a notable $1.3 billion one-off charge related to its Taylor sulphide deposit at the Hermosa project.

South32 has revised its cost forecast upward for most of its mines for fiscal 2024.

The company intends to extract 5 million metric tons of coal from its Illawarra mine in financial year 2024, a slight reduction from an earlier estimate of 5.3 million metric tons.

For the current year, South32’s stock has declined 6.3% as of the last closing.

South32 is a multinational mining company that operates mines in Australia, South Africa, and South America.



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<WIRE> Stockland Corporation's FY NPAT from Continuous Operations Drops 69.3% to A$438 Million (ASX:SGP)

Stockland Corporation (ASX:SGP) has revealed a net profit after tax (NPAT) from continuous operations attributable decline by 69.3%, falling to A$438 million in the most recent Full Year (FY) results.

Meanwhile, the corporation’s revenue from continuous operations fell 1.3% to A$2,808 million.

The firm also announced a final dividend of 14.4 Australian cents per share.

Stockland Corporation is a property development company, managing a wide range of properties from retail to residential.


<WIRE> E&P Financial Group (ASX:EP1) Reports FY Total Revenue Decreased by 14.6% to A$176.3 Million

E&P Financial Group (ASX:EP1) announced that its full-year total revenue has decreased by 14.6%, amounting to A$176.3 million.

The financial institution also reported a loss from ordinary activities after tax attributable to A$17 million.

The company has reiterated the amount of its full-year loss from ordinary activities after tax, which stands at A$17.0 million.

E&P Financial Group is a financial services provider offering a wide range of services such as wealth management, corporate advisory, and institutional equities.



<WIRE> Qantas Airways (ASX:QAN) Announces FY Underlying Profit Before Tax of A$2,465 Million

Qantas Airways (ASX:QAN) has released its financial report for the fiscal year, reporting an underlying profit before tax of A$2,465 million.

This comes in contrast to the previous year’s loss of A$1,859 million.

Revenue and other income has increased significantly, with a total of A$19,815 million reported as opposed to A$9,108 million in the previous period.

As of 30th June 2023, the Qantas Group’s fleet consisted of 336 aircraft.

The company has announced a market share buy-back of up to A$500 million, indicating continuing faith in the strength and profitability of the business.

At the end of June 2023, the airline’s net debt stood at A$2.89 billion.

Qantas Airways is an Australian airline, recognized as the flag carrier of Australia and its largest airline by fleet size, international flights, and international destinations.


<WIRE> Stockland Corporation (ASX:SGP) Sets Pre-Tax FFO Per Security Guidance for FY24 at 34.5 to 35.5 AU Cents

Stockland Corporation (ASX:SGP) has set its pre-tax FFO (funds from operations) per security guidance for FY24 at 34.5 to 35.5 Australian cents.

Moving into FY24, the company finds itself in a robust balance sheet position.

Distribution per security is expected to fall within Stockland’s planned payout ratio of 75 to 85% of post-tax FFO for FY24.

Stockland Corporation is a diversified property company involved in shopping centre ownership, management and development.