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<WIRE> Mcpherson's Reports Decrease in FY Underlying Profit Before Tax (ASX:ASX)

Mcpherson’s (ASX:ASX) announced a decrease in their FY underlying profit before tax by 32%, falling to A$7.3 million.

Alongside this, the company has also declared a final dividend of 1.0 AU cents per share.

Additionally, Mcpherson’s noticed a decrease in their FY sales revenue by 2% which amounted to A$210.3 million.

Mcpherson’s is a reputed company dealing in home beauty and wellness products.


<WIRE> Air New Zealand (ASX:AIR) Enjoys Best Day in Over 8 Months Following Strong FY Profit and Optimistic Outlook

Air New Zealand (ASX:AIR) has seen its shares rise by as much as 3.3%, equivalent to NZ$0.79, marking the most significant intraday percentage gain since last December.

The stock hit its highest level since August 2nd.

The flagship carrier of New Zealand reported its full-year earnings before tax and significant other items, amounting to NZ$585 million ($349.54 million), a significant rebound from a loss in the previous year.

Air New Zealand (ASX:AIR) also announced a special dividend of 6 New Zealand cents per share, the first one since February 2020, while expressing expectations of robust customer demand for the financial year 2024.

The stock has shown positive momentum this year, having risen by 2.7% as of the last closure.

Air New Zealand (ASX:AIR) is New Zealand’s flagship airline conducting both domestic and international passenger flights and freight services.



<WIRE> Pengana Capital Group (ASX:PCG) Reveals Annual Financial Loss of A$489,000 Compared to Previous Profit of A$18.7 Million

Pengana Capital Group (ASX:PCG) has released their financial results for the fiscal year, disclosing a loss of A$489,000.

This is a stark shift from the previous year where they posted profits of A$18.7 million.

The firm also reported revenues from ordinary activities amounting to A$39.2 million, which is a decrease from last year’s A$79.3 million.

Pengana Capital Group is an investment management company well-known for providing a spectrum of innovative strategies for various asset classes.


<WIRE> Rural Funds (ASX:RFF) Reports FY Net Profit After Tax From Continuing Operations at A$94.5 Million

Rural Funds Group (ASX:RFF) disclosed its full year net profit after income tax from continuing operations as A$94.5 million.

This figure represents a 55% decrease in comparison to the previous year.

In tandem, the reported revenues from ordinary activities from continuing operations stood at A$95 million, marking a 16% increase.

Rural Funds Group is an Australian entity involved in the management and ownership of an extensive portfolio of diversified agricultural assets.



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<WIRE> Earlypay Posts FY Net Loss Attributable A$7.7 Million (ASX:EPY)

Earlypay (ASX:EPY) reported an attributable net loss of A$7.7 million for the fiscal year.

The company also announced an adjusted after-tax loss attributed to the year of A$4.6 million.

Despite these losses, Earlypay experienced a 13.6% increase in revenues from ordinary activities, bringing the total to A$61.1 million.

Earlypay is a company specializing in providing financial services to businesses.


<WIRE> South32 (ASX:S32) Reports FY Underlying Earnings of US$916 Million

South32 (ASX:S32) recently reported their full fiscal year underlying earnings to be US$916 million, a significant decrease from the previous fiscal year’s figure of US$2,602 million.

The company also stated its decision to pay a final dividend of 3.2 US cents per share.

The underlying revenue for the period was US$9,050 million, a drop from the previous fiscal year’s US$10,630 million.

Additionally, the firm reported a loss after tax of US$173 million as opposed to a profit of US$2,669 million from the previous fiscal year.

As part of their outlook, South32 predicts FY24 group capital expenditure, excluding EAIS, to be set at US$860 million.

They also project their FY24 Illawarra metallurgical coal production to be 4,400 KT, and an increase in FY25 to 4,700 KT.

Furthermore, they expect FY24 safe and reliable capital expenditure to escalate by US$145 million to US$615 million.

Other projections for FY24 include Australia manganese ore production of 3,400 KWMT and payable copper equivalent production of 89.0 KT.

South32 is a global resources company, headquartered in Perth, Australia, with a focus on mining and metals.



<WIRE> Qantas Airways (ASX:QAN) Enters FY24 with a Robust Balance Sheet

Qantas Airways (ASX:QAN) has announced that it is heading into the fiscal year of 2024 (FY24) boasting a highly secure balance sheet.

The airline has made a firm order for 24 widebody aircraft, including 12 Boeing 787s and 12 Airbus A350s.

Qantas Airways (ASX:QAN) expects total fuel costs for the first half of FY24 to be around A$2.6 billion and anticipates that its domestic capacity will surpass pre-pandemic levels throughout the fiscal year.

The airline’s international capacity is forecasted to bounce back fully by the second half of FY24.

Transitionary costs that reached approximately A$400 million in FY23 are projected to wind down in FY24.

Qantas Airways (ASX:QAN) loyalty program is expected to hit its FY24 EBIT target of A$500 - A$600 million.

The airline has also disclosed that flight delays and cancellations have largely returned to the levels observed before the COVID-19 pandemic.

Additionally, Qantas Airways (ASX:QAN) has made strategic partnerships with Airbus and Boeing to gain access to up to 500 million liters of sustainable aviation fuel annually starting from 2028.

Finally, the company stated that the strength of its balance sheet will likely support future aircraft deliveries and shareholder returns.

As of 30 June 2023, the airline had liquidity sources rounding to about A$10 billion.

Qantas Airways (ASX:QAN) emphasized that travel demand continues to be incredibly robust.

Qantas Airways is an Australian airline known for its domestic and international flight services.


<WIRE> Medibank Private Proposes Final Dividend of 8.3 AU Cents Per Share (ASX:MPL)

Medibank Private (ASX:MPL) has proposed its final dividend to be 8.3 AU cents per share.

Looking forward, the company is targeting to record a 1.5% to 2.0% resident policyholder growth by the fiscal year 2024.

The estimated costs for further IT security uplift for fiscal 2024 are expected to range between A$30M and A$35M.

The company is planning on A$20M of productivity savings over the course of FY24 and FY25.

An increase of 2.6% is projected for the underlying claims per policy unit in FY24.

Furthermore, Medibank Private anticipates a relative moderation in resident industry growth for FY24, compared to FY23.

The company plans to continue its trend of strong capital generation.

Medibank Private is an Australian health insurance provider.