Business
ASX near 11-week highs on earnings glow; Big gains for CSL, Wisetech – The Sydney Morning Herald
The ASX200 is up 1.2% and near its highest intra-day point since March, with earnings figures continuing to impress. Biotech giant CSL is up by 8.3%
Chief executive Jamie Pherous said Corporate Travels quick response to travel bans introduced in March, including more than 1000 redundancies and cost reductions, stemmed its losses and the company does not expect any further significant one-off costs in 2020-21.
Our business model also positions the business for a rapid return to profitability with only a marginal increase in domestic travel activity from current levels, he told shareholders. Before COVID-19 domestic travel was 60 per cent of…
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