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Reporting Season - 19 February

Companies discussed: Wesfarmers (WES), Telstra (TLS) & Medibank (MPL)

Stocks covered: 

  • Wesfarmers (WES): half year earnings beat estimates with a net profit of $1.6 billion
  • Telstra (TLS): net profit rose 9% to $1.1 billion, boosted by its mobile business and, 
  • Medibank (MPL): half-year net profit after tax has fallen 11% to around $303 million, but CEO David Koczkar highlights its strong operating profit

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.