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<WIRE> ARB Experiences Steepest Decline in Over 3 Years Due to Lowered Annual Profit

ARB Corporation (ASX:ARB) shares fell to A$28.55, experiencing their poorest intraday percentage drop since March 23, 2020.

This marks the lowest the stock has been since July 11.

The automobile accessories manufacturer reported its full-year net profit attributable of A$88.5 million, a decrease from last year’s profits of A$122 million.

The full-year sales revenue was also down, with a report of A$671.2 million compared to last year’s revenue of A$694.5 million.

However, ARB Corporation (ASX:ARB) maintained a positive outlook, indicating a healthy demand for its products among others.

Despite the recent drop, the stock has risen 30.6% this year, as per its last close.

ARB Corporation is a global leader in the manufacture and sale of 4x4 accessories.



<WIRE> Shaver Shop (ASX:SSG) Reports Annual Net Profit After Tax of A$16.8 Million

Shaver Shop has disclosed a final fiscal year net profit after tax attributable of A$16.8 million, representing a rise of 0.8%.

In addition, the company declared a 2023 final dividend of 5.5 AU cents per share.

The company’s revenue from ordinary activities increased by 0.8% to total A$224.5 million.

Shaver Shop noted that it was maintaining strong trading results from Q1 FY2023 where sales surged up 17.5% compared to Q1 FY2022.

However, the company deemed it unsuitable to provide sales or profit guidance for FY2024 at this moment.

The company also expressed plans to carry out store refurbishments which are expected to result in a net capital expenditure of A$2 million to A$3 million in FY2024.

Shaver Shop (ASX:SSG) is a retailer specializing in male and female personal grooming products and appliances.




<WIRE> Megaport (ASX:MP1) Projects a 152% - 182% EBITDA Growth for FY24

Megaport (ASX:MP1) anticipates its EBITDA growth for the fiscal year 2024 to lie within the range of 152% up to 182% in year-on-year terms.

Additionally, the company anticipates its revenue for the said fiscal year to fall within the A$190M - A$195M spectrum.

Megaport projects being net cash flow positive for the full fiscal year 2024, subsequent to investment allocation in sales roles and earmarked capital expenditure.

Megaport is a global leading provider of Elastic Interconnection services.


<WIRE> Eumundi Group (ASX:EBG) Forecasts Profit Before Tax Of A$1.90 Million to A$2.00 Million For Year

Eumundi Group (ASX:EBG) projects a profit before tax ranging from A$1.90 million to A$2.00 million for the year.

The company further suggests that in FY23, disregarding non-cash fair value revaluations and adjustments, the net profit from operations before tax is expected to be between A$3.60 to A$3.70 million.

Eumundi Group is a property and investment firm with diverse interests in hotels, retail and commercial properties.


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<WIRE> Ingenia Communities (ASX:INA) Announces Final Distribution of 5.8 AU Cents Per Share

Ingenia Communities (ASX:INA) recently announced its final distribution for the year, which was set at 5.8 AU cents per share.

Looking ahead to fiscal year 2024, the company’s lifestyle rental business is expected to continue its growth, expanding in parallel with projected increases in domestic tourism.

In the company’s continued effort to combat climate change, Ingenia Communities targets to achieve net zero emissions (Scope 1 and 2) by the year 2035.

Ingenia Communities is an Australian company that designs, develops, and manages lifestyle-based accommodation and holiday resorts.


<WIRE> Estia Health (ASX:EHE) Forecasts Future Financial Performance Reliant on Continued Pricing Advice

Estia Health (ASX:EHE) has announced that its financial performance, post fiscal year 2024, will remain dependent on the continued pricing advice of the IHACPA, and on the Government’s response to this advice.

The company also intends to deploy capital cautiously in order to seize growth opportunities.

Estia Health is a leading Australian provider of aged care services.




<WIRE> Helia Group (ASX:HLI) Reports Sharp Increase in HY Revenue and Net Profit

Helia Group (ASX:HLI) has announced a notable rise in its half-year revenue from ordinary activities, posting an increase of 276.7% to A$286.4 million.

Further, the company’s half-year net profit attributable also saw a significant hike of 155.4% reaching A$147.5 million.

Additionally, Helia Group (ASX:HLI) declared an interim dividend of 14 Australian cents per share.

Helia Group is an established organization specializing in a diverse range of sectors.