Top Equities Stories Of The Day

FORTESCUE METALS FY NET PROFIT US$581M 

Iron ore miner and exporter Fortescue Metals Group Ltd. on Thursday said net profit for last fiscal year rose 14% on year to US$581 million from US$508 million previously, easily exceeding a consensus forecast of 18 analysts of US$492.54 million.

AGILE, GUANGZHOU R&F, KWG, SHIMAO TO BUY TIANJIN SITE FOR CNY7.05 BLN 

Four Hong Kong-listed mainland developers are forming a joint venture to buy a site in Tianjin for CNY7.05 billion, the companies said in a joint statement Wednesday. 

RAMSAY HEALTH CARE FY NET PROFIT UP 39% AT A$148.3M 

Ramsay Health Care Ltd., Australia's largest private hospital operator, said full-year net profit rose 39% as its offshore operations boosted the bottom line.

UPDATE: AIR NZ FULL-YEAR NORMALIZED PRETAX PROFIT NZ$137M 

Air New Zealand Ltd. Thursday posted a full-year normalized pretax net profit, although it was down slightly compared with the previous year due to what it termed turbulent times.

UPDATE: AUCKLAND AIRPORT LAST FY UNDERLYING NET PROFIT A TAD DOWN, BUT ABOVE GUIDANCE 

Auckland International Airport Ltd.'s underlying net profit for the just-ended fiscal year was slightly down at NZ$105.05 million, but beat the company's own guidance due to recovering travel demand, which should also propel its performance in the current financial year. 

CROWN SWINGS TO FY NET PROFIT; FY NORMALIZED NET PROFIT UP 2.7% 

Crown Ltd. on Thursday reported it swung to a full-year net profit of A$292.3 million from a net loss of A$1.2 billion a year before.

ALINTA ENERGY FY NET LOSS WIDENS TO A$577.5M 

Alinta Energy Group Thursday said its full net loss widened to A$577.5 million from A$167.7 million a year ago, impacted by impairment charges, as it continues to advance deleveraging plans. 

TATTS GROUP: FY NET PROFIT A$119.4M 

Tatts Group Ltd. said Thursday that full-year net profit fell 57% to A$119.4 million from A$277.4 million a year ago. 

VIRGIN BLUE: FY NET PROFIT A$21.3M, IN COMPANY GUIDANCE RANGE 

Australia's second-largest airline Virgin Blue Holdings Ltd. said Thursday net profit for the year to June 30 was A$21.3 million, compared with a loss of A$160.0 million a year ago. 

CABCHARGE AUSTRALIA FY NET DOWN 6.2% TO A$57.6M, FINAL DIVIDEND 17C 

Cabcharge Australia Ltd. said Thursday full year net profit fell 6.2% on year as businesses reined in taxi trips amid global economic jitters. 

ILUKA RESOURCES 1H NET LOSS NARROWS TO A$6.6M 

Iluka Resources Ltd. continued its 18-month losing streak in the first half of the year, reporting a net loss of A$6.6 million, compared to a A$43.6 million loss a year before. 

UPDATE: NZ OIL & GAS LOOKS FOR OVERSEAS EXPLORATION; FY NET LOSS NZ$3.3 MLN 

Oil explorer New Zealand Oil & Gas Ltd. said Thursday the company was looking to develop overseas fields as it works toward meeting its growth targets after reporting a net loss for the fiscal year ended June 30. 

NUPLEX FULL-YEAR NET PROFIT NZ$64.2 MILLION, SHARPLY HIGHER 

Nuplex Industries Ltd. reported a sharp increase in full-year net profit Thursday but remained cautious about its outlook. 

PYNE GOULD REPORTS NET PROFIT OF NZ$22M FOR 2010 FISCAL YEAR 

Financial-services company Pyne Gould Corp. on Thursday reported a sharp recovery in its results, posting a profit for the fiscal year ending June 30. 

BANK PERMATA 1ST HALF NET GAINS 62% TO IDR526.51 BLN 

PT Bank Permata said Thursday its consolidated net profit rose 62% during the first half of the year to IDR526.51 billion from IDR324.74 billion a year earlier.

  

INDOFOOD SUKSES 1H NET IDR1.41 TLN VS IDR799.74 BLN 

Food producer PT Indofood Sukses Makmur said Thursday its first-half net profit rose 76% to IDR1.41 trillion from IDR799.74 billion a year earlier, mostly because of lower cost of goods sold.

INDONESIA TO SEEK OVER IDR10 TLN COMPENSATION FROM THAILAND'S PTTEP -MIN 

Indonesia will seek over IDR10 trillion in compensation from Thailand's PTT Exploration & Production PCL for alleged damage from an oil leak last year.