It was also a rollercoaster day on the markets today, before the S&P/ASX 200 (Index: ^AXJO) (ASX: XKO) closed 1.4% higher. All but 2 of the top 20 companies finished in the black, led by energy and financial shares.
We also had plenty of companies reporting their half year or full year financial results. Here's a brief summary of today's results…
- Accounting firm Reckon Limited (ASX: RKN) saw its share price sink 11.8% to $1.80 after net profit sank 14% – although underlying net profit was actually up 4.3%. Still investors didn't like the result much.
- Mining consumables firm Bradken Limited (ASX: BKN) had another shocker, reporting another loss after taking huge writedowns and restructuring costs.
- At the other end of the scales, Pacific Brands Limited (ASX: PBG) saw its share price soar 3%, as its turnaround gathers pace.
- National Australia Bank Ltd (ASX: NAB) released a quarterly update, although the share price barely budged, gaining 0.9%.
- Star Entertainment Group Ltd (ASX: SGR) saw its share price rise 1.7% after the casino operator beat market expectations.
- Monadelphous Group Limited (ASX: MND) continues to struggle with the downturn in the resources sector, with revenues and earnings sinking and the dividend slashed (again).
- S G Fleet Group Ltd (ASX: SGF) posted a strong result that saw its share price close 8.7% higher. The car fleet management and salary packager saw revenues and earnings increase as well as a 10.5% increase in its fully franked dividend.
- Packaging firm Orora Ltd (ASX: ORA), also had a good day with its share price rising 5.4% to $2.35, after net profit surged by more than 27%.
- Annuity pension specialist Challenger Ltd (ASX: CGF) saw its share price gain 4.7% to $7.18, but may still be trading at a cheap price.
- And finally, blood plasma group CSL Limited (ASX: CSL) posted a strong result and reconfirmed guidance for 5% profit growth for the 2016 financial year.
Tomorrow offers up more of the same, with a wide plethora of companies reporting results, including some that reported after the market close today.
