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<WIRE> Nanosonics Posts FY Net Profit Attributable A$19.9 Million (ASX:NAN)

Nanosonics (ASX:NAN) has reported a net profit for the fiscal year of A$19.9 million, a significant increase of 431.35% from the prior year.

The company also noted that the annual revenue rose by 37.96% resulting in A$166 million.

Future projections indicate an estimated total revenue growth of 15-20% for fiscal year 2024.

The firm is also expecting a gross margin within the range of 75-77% in the same period, along with operating expenses that are predicted to rise between 17-22%.

Nanosonics is a healthcare company known for innovative, high-quality infection control solutions.




<WIRE> Silk Logistics Holdings (ASX:SLH) Announces FY Revenue of A$488.6 Million

Silk Logistics Holdings recently announced an increase in its full-year revenue from ordinary activities, which has risen by 23.8% to A$488.6 million.

Its net profit for the period also rose, with an increase of 22.8% to A$16.4 million.

In response to this strong financial performance, a final dividend of 3.10 Australian cents per share has been declared by the company.

Silk Logistics Holdings is an Australian logistics solutions company.


<WIRE> BHP Group (ASX:BHP) releases its Economic and Commodity Outlook

BHP Group (ASX:BHP) has made public its economic and commodity outlook.

Notably, half of 2023 has been taken into account in their updated short-term supply and demand expectations.

BHP Group anticipates a generally balanced iron ore market on average across 2023.

Simultaneously, they now predict a small surplus or a balanced copper market.

When considering the immediate picture to the medium term, they see a continued need for additional supply.

BHP Group also anticipates a somewhat larger surplus in total nickel units.

They foresee that geologically higher-cost production will need to enter the supply stack in their preferred growth commodities as the decade progresses.

The basic elements of BHP Group’s long-term positive view remain intact.

The company is of the view that China’s economic growth rate will moderate as the working-age population falls, and it’s unlikely China will be achieving annual growth rates as high as +4.7% in the middle of the 2030s.

BHP Group also firmly believes that by mid-century, China will increase its accumulated stock of steel in use.

The entry of new, higher-grade supply from the Simandou project in Guinea is considered almost certain by the company.

In the longer term, BHP Group sees nickel as a substantial beneficiary of the global electrification mega-trend, and potash as a future-facing commodity with attractive fundamentals.

BHP Group is an international resources company with diverse operations in mining and processing minerals, as well as the extraction of petroleum.


<WIRE> State Gas (ASX:GAS) Announces CNG Asset Commissioning Update

State Gas (ASX:GAS) recently updated its progress on the commissioning of its CNG asset.

The company has plans to start shipping CNG to end users in the Bowen Basin by the end of November 2023.

In associated developments, the company will soon sign a construction contract for the CNG facility and related works with Wasco Australia.

Once connected to the CNG facility, the Rougemont 2/3 is anticipated to produce up to 0.75TJ/day of CNG.

For this facility, gas will be procured from the Rougemont 2/3 lateral well system.

State Gas (ASX:GAS) is a company involved in the exploration, development and production of natural gas assets.


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<WIRE> Carindale Property Trust (ASX:CDP) Reports Annual Net Property Income of A$39.5 Million

Carindale Property Trust (ASX:CDP) has announced its financial results for the fiscal year, posting a net property income of A$39.5 million.

This represents a 6.5% increase in the company’s net property income.

The trust also reported an annual revenue increase of 4.1%, taking the total to A$54.9 million.

Among other highlights, the company declared a final distribution per unit of 13.125 Australian cents.

Moving forward, the trust predicts a distribution of 27.102 Australian cents per unit for the year ending 30 June 2024.

Carindale Property Trust is an Australian real estate investment trust that owns a diversified portfolio of properties.


<WIRE> Aussie Software Firm Altium (ASX:ALU) Soars to Top ASX on Strong FY24 Outlook

Altium (ASX:ALU), an Australian software firm, saw a surge of as much as 21.4%, reaching A$44.770.

This is their highest since January 4, 2022.

Interestingly, ALU stock turned out to be the top gainer in the ASX 200 benchmark index.

Additionally, the company recorded its biggest intraday percentage gain since August 23, 2022.

An impressive transference of over 416,000 shares occurred, significantly more than the 30-day average of 234,355 shares.

Altium is expecting FY24 revenue to stand between $315 million and $325 million, a substantial increase from the FY23 revenue of $263.3 million.

Furthermore, the firm is predicting FY24 underlying EBITDA margin to stand within the range of 35% to 37%, a small increment from 36.2% in FY23.

Altium also revealed a FY23 final dividend of 29 Australian cents per share, bringing the total dividend to 54 AU cents per share, a 14.9% increase from the previous year.

As of the latest close, ALU stock is up this year by 5.1%, in comparison to a 1.1% rise in the ASX 200 benchmark.

Altium is a circuit board designing software maker.




<WIRE> Perenti (ASX:PRN) Reports Full Year Underlying Revenue of A$2,880.1 Million

Perenti (ASX:PRN), a globally recognised mining and infrastructure services company, recently posted its full-year financial results.

The company reported an underlying revenue of A$2,880.1 million.

For the financial year of 2024, Perenti has forecasted its revenue to be between A$2.8 billion and A$3.0 billion.

In addition, the company plans a net capital expenditure of A$330 million for FY24 and expects an EBIT(A) of between A$260 million and A$275 million.

The dividend for FY23 was not declared, however, the company intends to re-evaluate the possibility of declaring a dividend during the first half of FY24.

Perenti expressed anticipation for a positive outcome regarding the DDH1 shareholder vote.

By the end of FY23, Perenti had A$5.4 billion worth of work in hand.

Perenti (ASX:PRN) is an international mining services company, providing essential mining services across multiple commodities.