Business
Banks join resources party as ASX gains 0.4%; AUD at 3-year peak – The Sydney Morning Herald
The Australian sharemarket moved higher in afternoon trade, with the major miners, banks, and energy firms buoyant. The Aussie Dollar also hit a fresh three-year…
However, impairments of assets in Africa and a review of its African Mining Services business that cost $88.1 million saw profits wiped into a $63.8 million loss.
With 52 per cent of revenue generated in US dollars the results were impacted by the 10 per cent strengthening of the Australian dollar against the US dollar in first half of 2020-21, the company told the stock market this morning.
Indeed, the Australian dollar improved 11.5 per cent against the greenback during the six months, rising…
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