News – AU – Half Yearlies Top 5: McGrath is the top tenant of the ASX – Stockhead this morning

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Stockhead has rounded up the top 5 half year results released this morning, with McGrath (ASX: MEA) being the top results

ASX-listed companies must submit their half year results within two months of the end of the first half of their fiscal year For most ASX companies, this is the end of this month

McGrath, a real estate agency franchisor, rose the most of all ASX stocks and released semi-annual reports

today

The company reported $ 567 million in revenue, up 16 percent from the same period last year, and net income after tax of $ 81 million – after a loss of $ 1 million in the first half of fiscal 20 / p>

Investors were told that the residential property market was stable throughout the COVID-19 period and positive market sentiment contributed to this result

“Detached homeowners, many of whom are barred from traveling domestically and internationally, are now largely working from home and, as such, rethinking their lifestyle and surroundings,” said CEO Eddie Law

“This is positive for our industry as homeowners are either winding up or upgrading the asset of their current home”

Not many raw material stocks (with the exception of the large producers) produce and make income, and even less in mineral sands

But Base is an exception, having earned $ 728 million in sales from producing 33684 tons of rutile, 144363 tons of ilmenite and 12677 tons of zircon

While the company made a loss of $ 6 million, this was largely due to Kenyan withholding taxes on dividends, and the company would pay a dividend of 3 cents per share

The medical technology company that makes disease test kits reported that the half year of record sales was “exceptional”

While Australia was generating most of its revenue, it placed its first orders in the US, which were fulfilled in the New Year

One disease that is being looked for is COVID-19 The Northern Beaches cluster in Sydney and the numerous COVID-19 tests made a significant contribution to the half-year results

The EFTPOS terminal provider broke another record, reaching $ 121 billion transactions and gross profit of $ 612 million

While Tyro still posted a net loss after taxes, this was 82 percent lower than in the corresponding previous period

CEO Robbie Cooke said he was proud of the result, noting that it happened despite many traders who continued to have difficult trading conditions amid COVID-19

The company has also briefed its shareholders on last month’s connectivity issues, saying it was working on a new solution to be combined with standard terminals to ensure it doesn’t recur

The “out of home” advertising industry (which mostly deals with billboards and electronic signage) has been hit by COVID-19 and Ooh! could not escape it. Revenues fell 34 percent, fluctuating from $ 52 million in profit to a loss of $ 8 million

But oh! said it maintained its top position in the market and rebounded solidly in the December quarter – revenue of 70 percent year-over-year

19 October 2020 | Nick Sundich

29 July 2020 | Mike Cooper

2 April 2020 | Reuben Adams

Stockhead provides factual information when there is a reasonable likelihood of doubt
The information is not intended to contain a recommendation or opinion on any financial product

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ASX: MEA, ASX

News – AU – Half Yearlies Top 5: McGrath is the top tenant of ASX – Stockhead this morning
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McGrath: Semi-annual report and accounts are in one opened new window

Source: https://stockhead.com.au/news/half-yearlies-top-5-mcgrath-is-the-asxs-top-lodger-this-morning/