GrainCorp profit withers under prolonged dry weather

GrainCorp profit withers under prolonged dry weather

Posted May 11, 2018 11:29:48 Photo: A 40pc decline in the eastern states’ harvest has hit Graincorp’s first half profit. (ABC News: Greg Nelson) The big dry across the eastern grain belt has hit GrainCorp’s bottom line hard, with first half profits shrinking by 64 per cent to just $36 …

Westpac half year after-tax profit rises 7 per cent to $4.2 billion

Westpac half year after-tax profit rises 7 per cent to $4.2 billion

Updated May 07, 2018 09:13:59 Photo: Westpac’s chief executive said the bank would continue to make changes based on customer feedback. (Reuters: Will Burgess) Westpac has just announced a half year after-tax profit of $4.2 billion, a 7 per cent improvement. The bank’s preferred measure of cash profit is up …

Macquarie Group posts record $2.6 billion full-year profit

Macquarie Group posts record $2.6 billion full-year profit

Posted May 04, 2018 09:15:35 While the big retail banks struggle to grind out even flat profits, Australia’s biggest investment bank is flying, posting a record $2.6 billion full-year profit. The result is 15 per cent higher than last year and comfortably beat analysts’ expectations. More to come. Topics: australia …

ANZ half-year profit jumps 14 per cent to $3.3bn

ANZ half-year profit jumps 14 per cent to $3.3bn

Posted May 01, 2018 08:27:06 ANZ’s first-half profit has jumped 14 per cent to $3.3 billion as it pushes ahead with plans to slim down and exit its investments in Asia. Cash profit — the bank’s preferred measure, which strips out one-off items — rose 4 per cent to $3.5 …

Google profit jumps 73pc, US extends deadline for aluminium sanctions as Wall Street slips

Google profit jumps 73pc, US extends deadline for aluminium sanctions as Wall Street slips

Updated April 24, 2018 08:56:21 Photo: After releasing its quarterly profit figures, Google stocks surged for 5 minutes before plunging into negative territory. (ABC News: Ben Sveen) The relaxation of US sanctions against Russian aluminium and weakness in technology stocks — even with Google’s bumper profit — led Wall Street …

Bank of Queensland $174m half-year profit boosted by home lending growth

Bank of Queensland $174m half-year profit boosted by home lending growth

Posted April 17, 2018 09:46:38 Photo: Bank of Queensland’s half year profit was up, but below market expectations. (ABC News: Nic MacBean) Bank of Queensland has reported an 8 per cent increase in net profit to $174 million, driven by higher lending in both property and business markets. Cash earnings …

Facebook’s Instant Articles enabled inflammatory publishers to profit from big brand ads – Science News

Facebook’s Instant Articles enabled inflammatory publishers to profit from big brand ads – Science News

Facebook has been embedding ads for companies such as BMW and Woolworths in inflammatory articles from websites that target Muslim people and other groups. The placement allows the publishers of the articles to make money, but is contrary to Facebook’s content guidelines for monetisation, which state that an article is …

TPG Telecom first-half profit drops 11pc over NBN costs

TPG Telecom first-half profit drops 11pc over NBN costs

Updated March 20, 2018 12:13:35 TPG Telecom has posted a first-half net profit of just under $200 million — 11 per cent lower than last year’s figure. It reported pre-tax earnings of $418 million for the six months ended January 2018, which is a $55 million decrease compared to last …