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Half-Yearlies Top 5: MNF and Adore Beauty win Tuesday
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Stockhead has recapped the Top 5 half-yearly results released this morning with the winners being MNF Group (ASX:MNF) and Adore Beauty (ASX:ABY).
ASX-listed companies are required to lodge half-yearly results within two months after the end of the first half of their financial year, and for most ASX companies that is the end of this month.
MNF Group (ASX:MNF)
MNF Group provides digital communication technologies such as voice calls and text.
It saw recurring revenue rise 15 per cent to $55.7 million, earnings up 16 per cent to $19.6 million and phone numbers up 24 per cent to 5.1 million.
MNF also reported its top clients were spending even more with them and its expansion into Singapore was going well.
Ironically the fall in international travel wasn’t all positive for the company – it reported its global roaming service was impacted. But MNF expects this to recover as international travel resumes and is tipping full FY21 earnings of over $40 million.
MNF Group (ASX:MNF) share price chart
Adore Beauty (ASX:ABY)
For Adore Beauty, this was its first half yearly result as a listed company having entered the ASX in October last year.
The company made $96.2 million in revenue, up 8 per cent from its prospectus forecast and earnings of $5.2 million, up 58 per cent from forecasts.
It also reported Afterpay Day in August and Black Friday and November saw substantial trading.
“Our strong performance this half is underpinned by high levels of customer engagement, retention and satisfaction and includes a record trading day of $1.5 million,” declared CEO Tennealle O’Shannessy.
“We have been thrilled to welcome many new customers to our platform over the last six months and are pleased to continue to be the online beauty shopping destination for our loyal customers.”
Adore Beauty (ASX:ABY) share price chart
AUB Group (ASX:AUB)
The insurance broking stock made a $30.7 million profit, 44.2 per cent higher than the prior corresponding period.
The company said its growth was both organic and acquisition driven – with its investment in BizCover starting to show dividends.
AUB is forecasting a net profit for the full year between $63 million and $65 million which would represent growth from FY20 of between 17.9 per cent and 21.7 per cent.
AUB Group (ASX:AUB) share price chart
Monadelphous Group (ASX:MND)
COVID-19 presented some logistical challengers for this engineering company but it came out with revenue 11 per cent higher than the prior corresponding period – $947.8 million.
The engineering construction division was responsible for nearly half of this and saw a 68 per cent gain in revenue as construction projects delayed by COVID-19 got back under way.
While the fall in activity in the oil and gas sector hit the maintenance and industrial services division, the ramp up in activity in the iron ore sector had a positive effect.
Monadelphous Group (ASX:MND) share price chart
Adbri (ASX:ABC)
Adbri was another industrial stock to benefit from the boom in the construction sector and commodities.
It reported full year results for the calendar year of 2020 and reported a net profit after tax nearly double that from two years ago – $93.7 million compared with $47.3 million in 2019.
The company also said good times lay ahead as the COVID-19 rebound continued.
“Mining demand continues uninterrupted while the construction materials sector is expected to benefit from various government stimuli, particularly to fast-track ‘shovel ready’ construction projects including infrastructure spending, home-building grants and stamp duty relief, all of which position Adbri to play a key role in building a better Australia,” said CEO Nick Miller.
