Business
Profit reporting season is over with the coronavirus recession driving results – ABC News
At the end of reporting season for Australia’s publicly listed companies, it’s clear COVID-19 has been a big payday for some but destructive for most.
At the end of reporting season for Australia’s publicly listed companies, it’s clear COVID-19 has been a payday for some but destructive for others.
Key points:
- A quarter of ASX 200 companies reported a loss for the 2019-20 financial year
- Full-year earnings were down 38 per cent, and dividends down 36 per cent
- Some retailers and mining stocks saw strong profit growth, travel stocks fared worst
Analysis by CommSec reveals 75 per cent of companies reported a st…
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