Wednesday, August 24, 2016

Australia: Shares flat amid mixed financial results

Australian shares struggled to advance on Wednesday as mixed earnings reports offset a boost from firmer mining and bank stocks.

The S&P/ASX 200 was up just 0.01 points at 5,555.0 at 0224 GMT.

Ardent Leisure Group surged as much as 19 per cent after unveiling a 32 per cent rise in annual profit. Ardent profited from rising numbers of Chinese visitors to its theme parks and the successful rollout of US family entertainment centres.

Air carrier Qantas, which posted a record annual profit, was 2.6 per cent firmer. It also declared its first final dividend in eight years.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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