Business
Local shares to fall; ASX chairman retires – The Australian Financial Review
The Australian sharemarket is poised to move lower at the open; Telstra revises full year guidance; Transurban swings to $419m loss; Ares scraps AMP takeover; Newcrest…
Exchange operator ASX reported a drop in first-half profit and a lower interim dividend, blaming low interest rates for the profit result.
Separately, ASX said that Chairman Rick Holliday-Smith will retire from the board on April 21, to be replaced by non-executive director Damian Roche.
Net profit after tax fell 3.4 per cent to $241.8 million, or 3.4 per cent, after revenue declined 7.1 per cent to $507.1 million. ASX will pay an interim dividend of 112.4c a share, down 3.4 per cent on the prior…
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