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Profit reporting season for ASX-listed companies has begun, so what does it mean for you? – ABC News

If you’ve only recently taken the plunge into the share market, this could be your first reporting season. So just what exactly is it and why should you care?

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Many new investors have jumped into the share market recently, and maybe you’re one of them.
After plunging to the lows of March last year, the Australian market has been on the rebound, taking first-time investors along for the ride.
And in the last few weeks, the GameStop buying frenzy has caught the attention of some who’ve never watched stocks before.
With interest rates at record lows, the returns you get for keeping your money in the bank have plummeted, so more people are looking for alternative…

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