Macmahon Holdings (ASX:MAH) declares a final dividend of 0.45 Australian cents per share.

Additionally, the company reported a notable increase in their fiscal year profit.

The profit after tax attributable saw an upswing of 110.5%, landing at A$57.7 million.

In line with the positive financial performance, the fiscal year revenue recorded from continuing operations also surged by 12.3%, totaling A$1,906.2 million.

Macmahon Holdings is an Australian company specializing in contract mining, construction, and engineering services.

Following robust financial year results, shares of SRG Global have surged as much as 4.9% to A$0.755.

This is the biggest intraday percent gain since May 10.

The diversified industrial services company reported an underlying FY23 EBITDA of A$80 million, marking a 40% increase from the previous year.

For FY24, it forecasts around a 20% EBITDA growth.

A fully franked dividend of 2 Australian cents per share has been declared for the second half.

SRG Global (ASX:SRG) shares reached their highest level since early August.

A total of about 760,881 shares were traded, which significantly surpassed the 30-day average volume of 547,212.

The year-to-date increase of the company’s stock is 4.4%, as of their last trading session.

SRG Global (ASX:SRG) is a diversified industrial services firm, known globally for its exceptional service and strong financial performance.

Viva Energy Group (ASX:VEA) recently reported a half-year net profit after tax on a replacement cost basis of A$174.1 million.

The figure evidences a significant decrease compared to the previous result of A$355.4 million.

In addition, Viva Energy Group (ASX:VEA) announced a substantial increase in revenue, with a reported A$ 12,722.8 million compared to last year’s A$11,517.1 million.

The company also declared an interim dividend of 8.5 AU cents per share.

Viva Energy Group (ASX:VEA) is a major energy company specialising in the refining, supply, and marketing of petroleum products.

Viva Energy Group (ASX:VEA) announced that its full-year guidance for capital expenditure remains unchanged.

The company has completed the transition of Coles Express and is working towards finishing the acquisition of OTR Group by the end of this year.

Commercial & Industrial earnings are expected to moderate through the rest of the year.

The replacement of crude oil with additional imports of refined products has also impacted Gross Refining Margin (GRM) in Q2 2023.

Viva Energy Group (ASX:VEA) anticipates restarting Platformer #3 along with associated downstream units, and return to full production by early September.

The Energy & Industrials division is well set to benefit from recent improvement in regional margins when full refining production resumes in early September.

Despite a good headway on the Ultra Low Sulfur Gasoline (ULSG) Project, completion is not expected until the second half of 2025.

The firm has so far invested A$84 million in the ULSG Project, and predicts a combined investment of about A$350 million for both the ULSG project and anticipated further changes to fuel specifications.

The company also anticipates sustained strong demand across all its Commercial & Industrial business for the remainder of this year.

Viva Energy Group (ASX:VEA) is a company engaged in the distribution of refined oil products.

GenusPlus Group (ASX:GNP) has declared a dividend of 2.0 AU cents per share.

The company’s recurring revenue continues to experience growth, and is forecasted to be A$200 million in the fiscal year 2024.

Furthermore, GenusPlus Group (ASX:GNP) anticipates continued growth from its East Coast operations, and an increase in services revenue in the fiscal year 2024.

The company also projects a return to robust growth in the medium term.

GenusPlus Group is a service firm that focuses on the design, construction, and maintenance of power and energy infrastructure.

Morgan Stanley analysts have reduced their target price for Australia’s Westpac, from A$21 to A$20.60.

The bank reported a quarterly cash profit of A$1.8 billion on Monday, which was in line with consensus expectations.

However, its shares fell by over 2% due to an unexpected increase in expenses for the quarter.

Morgan Stanley labels the expense trends and associated management commentary as disappointing.

Additionally, the bank’s core margin of 1.86% in the 3rd quarter of 2023 was 4 basis points lower than the first half of 2023 and a decline of estimated 2 basis points quarter over quarter.

Consequently, Morgan Stanley has increased Westpac’s expense forecasts for FY24 and FY25 in the range of 5% to 6%.

Westpac’s stock has decreased 11.7% this year, till the last close.

Westpac (ASX:WBC) is one of Australia’s largest banks, offering a variety of financial services such as retail, business and institutional banking, and wealth management.

Shares in Coles Group, Australia’s second largest grocer, saw a decline as much as 6.73% to A$16.07.

This marks the steepest intraday fall since March 2020.

The grocer revealed a net profit after tax of A$1.10 billion for FY23.

While this is a 4.8% rise from the previous year’s figures, it falls short of the Visible Alpha consensus estimate of A$1.13 billion.

Coles (ASX:COL) also announced a final dividend of 30 Australian cents per share, consistent with the corresponding year.

Despite this, Coles' share price has dropped 4% since the beginning of June.

The FY23 result, according to E&P Financial, will likely exert further pressure on the share price.

While supermarket volumes in the early part of FY24 have been modestly positive compared to the corresponding period, there have been early signs of customers moving away from dining out, according to Coles (ASX:COL).

The stock reached its lowest level since November 4, 2022 and as of the last close, the stock has risen 3.1% year to date.

Coles Group (ASX:COL) is Australia’s second-largest grocery store operator.

The lithium mining company, Allkem (ASX:AKE), saw a significant increase in its shares, rising by up to 4.5% to A$14.5, marking its biggest intraday percentage gain since June 14.

Currently, Allkem is in the process of a $10.6 billion merger deal with Livent Corp.

Concurrently, the company is forecasting a rise in spodumene and lithium carbonate production for fiscal year 2024, following the announcement of a record annual profit this past Tuesday.

The company anticipates a yield of 210,000 to 230,000 tons of spodumene from its primary Mt Cattlin project in 2024, surpassing the estimates of Jefferies at 187.2 tons.

Additionally, Allkem expects the production costs for Mt Cattlin to remain lower throughout 2024.

The company’s stock recently reached its highest level since August 14 and has experienced an overall increase of 23.4% this year, as of its last closing.

Allkem is a leading lithium mining company with a key focus on sustainable production.

Shares of the Australian company, Megaport (ASX:MP1), jumped as much as 14.3% to A$11.9, reaching their highest level since April 2022.

The company projects an EBITDA growth for the fiscal year of 2024 around 152% to 182% year-on-year.

The tech firm forecasts an EBITDA in the range of A$51 million to A$57 million for the same period.

In addition, they expect to report a positive net cash flow for the fiscal year 2024.

The share gain marks the company’s best intraday percentage gains in over a month.

Megaport’s stock has increased by 64.7% this year, up to the last closing.

Megaport is a tech company specializing in providing scalable and flexible connectivity solutions across key data centres universally.

Shares in BHP Group (ASX:BHP), a global mining heavyweight, fell as much as 2.0% to A$42.650, their lowest level since June 2.

BHP is a top weight on the ASX 200 benchmark index in terms of market value.

This happened as the index nudged down by 0.2%.

The company recorded its lowest annual profit in three years as the prices for crucial commodities moved down from their multi-year highs.

Their underlying attributable profit for FY23 fell 37% to $13.42 billion, a short in comparison to the Refinitiv estimate of $13.89 billion.

BHP has expressed concerns about the potential impact of higher interest rates on growth in developed economies while assuring the demand remained robust in China and India.

The mining giant has announced a final dividend of $0.80 per share, equivalent to 59% payout as opposed to the 65% payout which had been anticipated by Macquarie analysts.

The company experienced a decline of 4.6% this year as of the last close, set against a 3.8% downturn in the ASX 300 Metals & Mining index.

BHP Group (ASX:BHP) is a leading global miner specializing in various commodities such as iron ore, coal, and copper.