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<WIRE> Iluka Resources (ASX:ILU) Alters 2023 Synthetic Rutile Production Guidance to 255KT

Iluka Resources (ASX:ILU) recently alerted stakeholders that its production guidance for synthetic rutile in 2023 has been revised to 255KT.

The company has also noted a four-month pause in production at SR1 beginning September 30.

They have launched the commencement of a feasibility study into the metallisation of rare earth elements.

SR1 and SR2, the company’s synthetic rutile production plants, are expected to recommence operation at the end of January 2024.

The feed for Eneabba, a project concerning mineral sands, is projected to be completed by late 2023.

It’s important to note that the company’s H1 2023 production of Z/R/SR yielded 368KT across all full-capacity sites.

However, there are ongoing challenges in the cost environment in Western Australia for industry-wide projects.

Iluka Resources is an internationally recognized mineral sands company entailing exploration, project development, operations, and marketing.





<WIRE> Nextdc Reports 25Mw Increase in Contracted Utilisation (ASX:NXT)

Nextdc (ASX:NXT) has announced that their contracted utilisation has risen by 25Mw, a 21% increase, bringing the total to 145Mw since their last update on April 12.

In addition, the company anticipates that the majority of revenue from new customer contract wins will be progressively recognised from the beginning of FY25 through FY26.

Nextdc is a data center operator that offers colocation and connectivity services to corporate and government organizations.


<WIRE> Perpetual Equity Investment Company (ASX:PIC) Announces FY Net Profit of A$55.0 Million

Perpetual Equity Investment Company (ASX:PIC) has disclosed its net profit for the fiscal year, which totaled A$55.0 million.

The company’s revenue from ordinary activities over the period reached A$81.1 million.

Moreover, the firm declared a final dividend of 4 AU cents per share.

Perpetual Equity Investment Company is an investment firm focused on providing financial services.


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<WIRE> Analysts Remain Positive on Domino's Pizza (ASX:DMP) Despite Annual Profit Decline

Shares in Australia’s Domino’s Pizza (ASX:DMP) rose by 6.8% to A$51.31, marking its most significant intraday percentage gain since November 2022.

Despite reporting a full-year net profit of A$40.6 million, a 74.4% decrease from the previous year, analysts maintain a positive outlook for the pizza chain.

Domino’s Pizza, while missing market expectations, is optimistic about the benefits to be reaped from its restructuring initiatives.

The company anticipates these actions will deliver network savings ranging from A$80 million to A$94 million in fiscal year 2025.

Notably, DMP is implementing a cost reduction plan which Jefferies has said will be beneficial for profit metrics into the fiscal year 2024.

Of 14 analysts reviewing the stock, five rated it as ‘buy’ or higher, six recommended ‘hold’, while the remaining three suggested ‘sell’ or lower, as per Refinitiv data.

The median PT for the stock is A$51.20.

Although the stock has declined by 27.5% this year, there is still positive sentiment in the market.

Domino’s Pizza is an Australia-based company known primarily for its wide range of pizzas.