Company posted net profit after tax of $10.116 billion, an 8% increase from the prior year SYDNEY: Commonwealth Bank of Australia (CBA) announced strong financial results for the full year ended June 30, 2025, with an 8% increase in profit after tax. The bank also declared a final dividend of $2.60 per share, fully franked,…
Tag: ASX
Dexus Convenience Retail REIT announces strong FT25 results, exceeding guidance
Company posts increase in like-for-like net property income growth to 2.9% SYDNEY: Dexus Convenience Retail REIT (DXC) announced its full-year results for the period ending June 30, 2025, confirming a distribution of 20.7 cents per security. This figure is slightly above the company’s guidance of 20.6 cents per security. The results highlighted an increase in…
AMCIL reports lower profit amid market underperformance, boosts dividend
Company’s portfolio returned 6.4% including franking credits, significantly trailing the S&P/ASX 200 Accumulation Index return of 15.1% MELBOURNE: Investment firm AMCIL Limited announced a full-year profit of $6.7 million for 2024/2025, down from $7.5 million the previous year, amid portfolio underperformance relative to the broader Australian market. The company’s portfolio returned 6.4% including franking credits,…
Atturra to acquire Blue Connections in strategic expansion move
SYDNEY: Atturra Limited (ASX: ATA), a top-tier Australian IT services provider, announced Wednesday its subsidiary, Cirrus Networks Holdings Pty Ltd, will acquire Blue Connections Pty Ltd in a move expected to bolster its managed services footprint and national reach. The deal, valued at up to AUD 25.5 million including performance-based earn-outs, will see Blue Connections…
Australian Foundation Investment Company posts net profit of A$285 million, down 3.9%
MELBOURNE: Australian Foundation Investment Company (AFIC) has announced a fully franked special dividend of 5 cents per share alongside its final dividend, despite posting a slight decline in profit for the fiscal year ended June 30. AFIC reported a net profit of A$285.0 million, down 3.9% from A$296.4 million a year earlier. Revenue from operating…
Aumake full-year revenue surges 50% amid strengthening China-Australia trade
SYDNEY: Aumake Ltd. (ASX: AUK), a distributor of Australian and New Zealand consumer brands in Asia, said Thursday that unaudited full-year sales rose more than 50% to over A$39 million, as improving trade ties between China and Australia boosted demand. Chairman Anthony Noble attributed the growth to favorable geopolitical shifts and Aumake’s strategic position in…
Capricorn Metals announces Warreiedar acquisition in strategic gold consolidation
PERTH: Capricorn Metals Ltd. said Thursday it will acquire Warriedar Resources Ltd. in an all-scrip deal, consolidating two major gold projects in Western Australia. The transaction, unanimously endorsed by Warriedar’s board, is valued at approximately A$188 million and is expected to expand Capricorn’s gold reserves and operational footprint. Under the scheme of arrangement, Warriedar shareholders…
Solara Minerals acquires strategic gold-copper project portfolio in WA
PERTH: Solara Minerals Ltd (ASX:SLA) announced Monday it has entered into a binding agreement to acquire OD4 Tom Price Pty Ltd, a private company holding seven exploration licences covering 310 square kilometers in Western Australia’s highly prospective Murchison region. The acquisition grants Solara 100% ownership of projects near prolific gold and copper-producing districts, including Sandfire…
Australia’s Mirrabooka investments profit slips; Raises $85 million to target mid-cap opportunities
SYDNEY: Mirrabooka Investments Ltd (ASX:MIR) reported a full-year profit of A$7.9 million for the year ended June 30, down from A$10.7 million a year earlier, as its portfolio underperformed broader market indices amid volatile conditions. The listed investment company, which specialises in small and mid-sized companies across Australia and New Zealand, posted a total portfolio…
Pacific Equity Partners to acquire Johns Lyng Group in $1.1 billion takeover
MELBOURNE: Building services firm Johns Lyng Group Limited (ASX: JLG) announced Friday it has entered into a binding agreement to be acquired by funds managed by Pacific Equity Partners (PEP) in a deal valuing JLG’s equity at approximately $1.1 billion. Under the Scheme Implementation Deed, Sherwood BidCo Pty Ltd — a PEP-controlled entity — will…
Buru Energy sells 2H Resources subsidiary to Koloma in $2 million deal
SYDNEY: Buru Energy Limited (ASX:BRU) has finalized agreements with Koloma Australia Pty Ltd for the sale of its geologic hydrogen-focused subsidiary, 2H Resources Pty Ltd (2HR), and non-core exploration assets in Western Australia’s Canning Basin. The deal, worth up to $2 million, includes an initial $1 million payment and additional staged payments tied to license…
PPK Group merges subsidiaries White Graphene Limited and BNNT Technology
BRISBANE: PPK Group Limited (ASX: PPK) announced Thursday the successful merger of its subsidiaries, White Graphene Limited (WGL) and BNNT Technology Pty Ltd, into a single nanomaterials business. Under the terms of the deal, WGL acquired 100% of BNNT’s shares in exchange for WGL equity. Post-merger, PPK’s direct stake in WGL increased to 49.32%, up…