Australian shares lower after weak reporting season wraps up – NEWS.com.au

The Australian share market closed lower on the final day of the August profit reporting season, which has been dominated by the dire economic consequences of the global pandemic.The S&P/ASX200 finished 0.22 per cent softer at 6060.5 while the All Ordinaries Index dipped 0.24 per cent to 6245.9.
Overall, full-year profits were down, causing companies to slash or abandon dividend payments and instead lift cash holdings, CommSec said.
“Clearly for some companies it has been the toughest year…

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