As trading grinds to a halt, we summarise the reporting results from the big-name ASX shares today. It was once again a mixed bag of reactions to some of Australia's largest companies and their financial results.
We'll quickly unpack today's results and then wrap it back up for tomorrow:
Those that delivered today
Telstra Corporation Ltd (ASX: TLS)
Shares in Australia's largest telecommunications company surged 3.66% to $3.97. This followed the reporting of the telecom giant's FY21 results on the ASX and the announcement of a $1.35 billion share buyback.
The takeaway points:
- Total income fell 11.6% to $23.1 billion
- Reported earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14.2% to $7.6 billion
- Underlying EBITDA was down 9.7% to $6.7 billion (versus guidance of $6.6 billion to $6.9 billion)
- Net profit after tax increased 3.4% to $1.9 billion
- Fully franked final dividend of 8 cents per share, bringing full year dividend to 16 cents per share
- FY 2022 guidance: Underlying EBITDA growth of 4.5% to 9%
- $1.35 billion on-market share buyback
AGL Energy Ltd (ASX: AGL)
The AGL share price slumped after what management described as a "challenging year" in its FY21 results. The energy company shaved off 5.53% to finish the day at $7.18.
The takeaway points:
- Revenue decreased 10.0% on the prior corresponding period (pcp) to $10.9 billion.
- Underlying profits fell 33.5% to $537 million on the pcp.
- Underlying earnings per share (EPS) dropped 31.6% to 86.2 cents.
- Net operating cash outflow before significant items was $870 million – a 35% drop.
- Full year dividend of 75 cents per share (41 cents interim + 35 cents final). This is down 23.5% on the pcp for a yield of 9.87% on the current AGL share price.
Downer EDI Ltd (ASX: DOW)
Lastly, shares in Downer gained 4.2% to $5.77 today after reporting its earnings on the ASX. Investors reacted positively to the integrated services company's FY21 results, with Downer swinging from a loss into profit for the full year.
The takeaway points:
- Underlying net profit after tax and amortisation up 21.4% year on year to $261.2 million
- Revenue down 8.8% to $12,234.2 million
- Statutory earnings before interest, tax, and amortisation increased by $371 million to $401 million
- Statutory net profit after tax of $230 million, up from a loss of $105.8 million
- Earnings per share (EPS) of 25.4 cents per share, up from a loss of 26.1 cents per share
- Unfranked final dividend of 12 cents per share, taking full year dividend to 21 cents per share unfranked
ASX shares reporting tomorrow
Unlike the last couple of days, Friday will see the week finish on a rather quiet note comparatively. Only Baby Bunting Group Ltd (ASX: BBN) and Bailador Technology Investments (ASX: BTI) are slated to be reporting earnings on the ASX tomorrow… though there may be a handful of smaller names among them.
