Business
ASX down 0.7%; Financials, real estate and miners drag – The Sydney Morning Herald
The ASX 200 is lower on Wednesday, with the major banks and property stocks weighing on gains. Technology shares rallied after a dour run.
Shares in Melbourne-based energy network AusNet dropped to a near two-month low this morning after the $7 billion firm reported lower full-year revenue and earnings.
Profit was, however, up by 4 per cent to $302.1 million, while the 9.5 cent full-year dividend was at the upper end of the companys guidance.
AusNet shares are down 6.1 per cent today to a two-month low of $1.76.Credit:Bloomberg
AusNet reported a 2.7 per cent drop in revenue in the 12 months to March 31 to $1.92 billion, while earnings…
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