Reporting Season Round Up: Today’s list of annual ASX results included the ASX itself
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It’s commonly forgotten that the ASX (ASX:ASX) is a listed company in its own right and today it was one of several to release its results.
The ASX described its results as “resilient overall”.
Its operating revenue grew 1.4% to $951.5 million although its statutory profit fell 3.6% to $480.9 million, which it attributed to RBA policy settings that affected short-end futures volumes and interest income.
Nevertheless it noted FY21 was the busiest year for listings since FY07, with almost 200 companies joining including backdoor listings as well as IPOs.
The company also updated shareholders on its technology issues expressing regret for the outage last November and pencilling in April 2023 as the date for its CHESS replacement system to go live. It also noted FY22 had started strong with robust equities trading.
“ASX enters FY22 with solid operational momentum and a reaffirmed commitment to deliver value to our stakeholders and put in place the financial services infrastructure of the future,” said CEO Dominic Stevens.
Another day, another mining services firm impressing with its results which were driven by the commodities boom.
NRW’s revenues grew 11.5% to $2.3 billion and its earnings grew 6.7% to $266.7 million.
It cut debt from $139.7 million to $88.7 million and its order book stood at $3.4 billion.
While NRW rose by the most of any ASX company releasing results, Redbubble was one of the largest laggards.
This was despite the online market place recording Gross Transaction Value of $701 million – up 48% from FY 20 – and a profit of $31 million compared to a loss of $9 million.
The company is still well ahead of its low of 50 cents in March last year but well below the $7 peak recorded earlier this year.
The company, one of the ASX’s largest gold miners, only slightly rose despite recording a record profit and upping its dividend by 129%.
Newcrest produced 2.1 million ounces of gold and 142,700 tonnes of copper and it made a $1.2 billion profit.
The company’s All-in-Sustaining Cost was $911 per ounce with a margin of 49% and its total dividends were 55 US cents per share.
In FY22, it is expecting to produce between 1.8 and 2 million ounces of gold although it assumed there were no COVID-19 related interruptions.
The casino operator made earnings of $430 million and a net profit after tax of $116 million – down 5% from FY21.
While its Brisbane and Gold Coast properties performed well Sydney lagged, although the current lockdown only began late in FY21, the 300 patron cap was a detriment with its earnings falling 48%.
The company said it expected a post-COVID rebound, judging by the resurgance in their Brisbane and the Gold Coast properties since their most recent lockdown was lifted.
Previously known as FlexiGroup, HUM is now the company behind the Humm BNPL product.
It targets larger transactions than Afterpay – between $1,000 and $30,000.
Humm made a profit of $68.4 million, up 121% on the prior corresponding period and its volumes reached $1.035 billion up 31.3%.
The company said shareholders could look forward to expansion into Canada and continued expansion into the UK in the months ahead.
This was Airtasker’s first annual results since its listing on the ASX back in March.
Its revenue came in at $26.6 million, up 38% year on year and $2.1 million ahead of its prospectus forecast. It’s Gross Market Place Volume (GMV) was $153.1 million, also ahead of its prospectus forecast ($143.7 million) and up 35% year on year.
CEO Tim Fung described the year as “awesome” and noted that its Australian market place was operating cash flow positive.
Like Humm, Airtasker told shareholders it could look forward to further international expansions.