profit

Thursday, September 24

Qantas begins axing 6000 jobs after $4b pandemic hit

Qantas will sack 4000 workers next month and another 2000 are in the firing line, after taking a $4 billion hit from from pandemic-imposed travel restrictions in what CEO Alan Joyce says has been the airline’s toughest six months in its 100 year history.

Myer profit crashes as retail environment sours

Department giant Myer has reported a 37 per cent drop in first half profit, weighed down by restructuring cost, redundancies and the exit of Apple products and Country Road Group brands.

Photo: supplied

Low interest rates and bushfires don't dampen CBA profit

Commonwealth Bank has beaten market expectations with a $4.48 billion first-half cash profit amid pressure from record low interest rates, bushfire impacts and rising costs.

Drought hits Elders' earnings

Elders’ net profit has slipped 3.7 per cent to $68.9 million, but its suite of new purchases has helped offset drought-ravaged cropping and wool volumes.

Woolworths' profit up despite Big W slide

Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.

AdBri blames construction slowdown for softer earnings

SA-based cement manufacturer Adelaide Brighton has flagged weaker annual earnings and scrapped its interim dividend, blaming lower demand for its products on a slowdown in housing and civil construction.