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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