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Reporting Season - 19 August
Companies covered: Westpac (WBC), Ampol (ALD), A2Milk (A2M)
Stocks discussed:
- Westpac (WBC): unaudited Q3 net profit up 6% on a quarterly annualised basis to AU$1.8bn, beating analysts’ estimates
- Ampol (ALD): HY profit misses the mark, hurt by Lytton refinery disruptions & the interim dividend is slashed to AU$0.60/share
- A2 Milk (A2M): FY24 inline with estimates, but outlook dented as China IMF market conditions remain challenging