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<WIRE> Worley (ASX:WOR) Anticipates Increase in FY2024 Aggregated Revenue Excluding Procurement

In a recent announcement, Worley (ASX:WOR) expressed expectations for its FY2024 aggregated revenue, excluding procurement, to grow from its FY2023 proforma results.

Furthermore, the company anticipates FY2024 procurement volumes to increase in comparison to FY2023.

With respect to its underlying EBITA margin (excluding the impact of procurement), Worley projects that the figure will be within a range of 7.5-8% in FY2024.

Worley is a global company providing professional project and asset services in the energy, chemicals and resources sectors.


<WIRE> Aussie Tech Stocks Follow Wall Street Lower Amid Concerns of Prolonged High Interest Rates by the Federal Reserve; Notable Drop Observed in Block SQ (ASX:SQ2), Xero (ASX:XRO) Shares

The Australian technology-centric sub-index hit its lowest level since July 13, echoing a decline in Wall Street after investors' fears over higher and more prolonged interest rates by the Federal Reserve, coupled with easing shares of banks.

This impacted block trading, notably pushing ASX-listed shares of Block SQ (ASX:SQ2) down by 2%, while Xero (ASX:XRO) took a 0.3% hit.

WiseTech Global (ASX:WTC) notably bore the brunt, with their shares slumping 18.2% to A$70.83, thereby emerging as the largest loser on the tech index.

Nonetheless, the company’s stock remained up by 36.5% for this year, as of its last close.

Block SQ is a leading tech company, known for its advanced technical solutions and innovative approaches to problem-solving in the market.


<WIRE> HMC Capital (ASX:HMC) Claims It Is Well Positioned For Strong Earnings Growth In FY24

HMC Capital has claimed their strong positioning for robust underlying earnings growth in FY24.

The company has also guided a FY24 DPS of 12.0 AU cents.

Riding into FY24 with firm momentum, HMC Capital is currently evaluating options to diversify into new alternative asset classes.

They also expressed their continued expectation to reach their A$10BN funds under management target by the end of 2023.

HMC Capital is a financial firm focused on capital growth through efficient fund management and investment strategies.



<WIRE> Readytech Holdings (ASX:RDY) Forecasts Mid-teens Organic Growth in FY24

Readytech Holdings (ASX:RDY) has released its financial forecasts for FY24, where it expects to achieve organic growth in the mid-teens.

Moreover, the company expects to make strong EBITDA margins between 34% to 35%.

In addition, Readytech’s medium-term revenue target for FY26 remains over A$160 million.

The company is optimistic about increasing its EBITDA to more than 30% by FY26.

The firm is well-positioned in continuing to deliver solid revenue growth and robust margins.

Readytech Holdings is a provider of people management software for education and employment.


<WIRE> Lynch Group Holdings (ASX:LGL) Announces FY Revenue of A$395.3 Million, an Increase of 8%

Lynch Group Holdings (ASX:LGL) has announced its full year revenue of A$395.3 million, marking an 8% increase.

Most notably, there are plans to reinstate the final dividend for the financial year 23, with a full year dividend of 7.0 AU cents per share declared.

The company has layed the foundation for the Australian FY24 revenue, underpinned by the increasing supermarket share of the floral industry.

Price increases have been established across major customers from mid-second half of FY23.

The company is set to continue with its capital expansion program, with an additional 4 hectares planned on existing farms in FY24.

Lynch Group Holdings is a company that specializes in the floral industry, with a major focus on capital expansion and increasing supermarket share.


<WIRE> Annual Revenues of Centrepoint Alliance (ASX:CAF) Increased by 19.1% to A$271.1 Million

Centrepoint Alliance (ASX:CAF) announced a significant increase in its annual revenues.

The company’s revenues from ordinary activities soared by 19.1%, reaching A$271.1 million.

However, the profit after tax attributable experienced a slight decrease of 2.4%, amounting to A$6.3 million.

Furthermore, the company declared a final dividend of 2.0 AU cents per share for the current fiscal year.

Centrepoint Alliance is a financial services firm that provides various financial advisory services.


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<WIRE> Iluka Resources (ASX:ILU) Sinks on Weak HY Results and Lacklustre Outlook

Shares of Iluka Resources (ASX:ILU) have plunged as much as 12.8% to A$8.13, marking the largest intraday percentage loss since March 23, 2020.

This slump in shares comes after the mineral sands miner reported a significant decline in its half-year net profit after tax, which stood at A$203.8 million, a sharp drop from A$368.5 million the previous year.

The company’s revenue from regular operations also fell 10.8% to A$745.4 million.

Additionally, the company declared an interim dividend of 3 Australian cents per share, disappointingly lower than the Visible Alpha consensus estimate of 5 Australian cents.

Iluka Resources has also announced that the current cost environment in Western Australia is posing challenges to industry projects.

This has led the company to reduce its synthetic rutile production guidance for 2023 to 255 kt from the earlier projection of 305,000 kt.

The company’s stock has touched its lowest level since July 18, 2022, and it has slipped 2.2% this year, until the last close.

Iluka Resources (ASX:ILU) is a mining company that focuses on the extraction and production of mineral sands.




<WIRE> Cosol (ASX:COS) Reports Fiscal Year Revenues Increased by 55.7% to A$75.1 Million

According to a recent announcement, Cosol (ASX:COS) has seen a significant increase in its fiscal year revenues from ordinary activities, which reportedly rose by 55.7% to A$75.1 million.

In addition to this, the company also noted a marked uplift in profits for the fiscal year, with the attributable profit jumping by 44.3% to A$8.0 million.

Finally, the company also declared that a final dividend of A$0.0146 per ordinary share will be distributed.

Cosol is a leading business enterprise known for its diversified operations in various domains.