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Reporting Season - 13 August

Companies discussed: Commonwealth Bank (CBA), AGL Energy (AGL) & Treasury Wine Estates (TWE)

Stocks covered: 

  • Commonwealth Bank (ASX: CBA): FY cash profit hits a record AU$10.25B, but the bank’s bottom line was boosted by trading income, which can be volatile
  • AGL Energy (ASX: AGL): swings to an annual loss amid lower wholesale power prices & narrow margins; final fully franked dividend of 25c/share declared
  • Treasury Wine Estates (ASX: TWE): logs 16% spike in annual underlying profit, thanks to robust demand in for its flagship Penfolds business in China; misses analysts forecasts by a whisker 

About the Author
ausbiz

ausbiz was founded by Kylie Merritt and David Koch and is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups.