|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.49 - 22.77|
|52 Week Range||19.14 - 22.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.48%|
Australia's Origin Energy (ORG.AU) is up more than 4% in Wednesday trading despite revealing a full-year loss of AUD2.22 billion thanks to write-downs on its liquefied natural gas (LNG) assets. The company had warned investors last week of a AUD1.2 billion impairment charge on its Australia Pacific LNG joint venture and its Lattice energy gas business, which is up for sale. An increase in LNG production helped boost earnings before interest, tax, depreciation and amortization by 49% to AUD2.53 billion.
Australian rail freight operator Aurizon Holdings (AZJ.AU) has unveiled its first loss since its 2010 IPO thanks to hefty impairment losses. Underlying earnings before interest and tax fell to AUD836 million from AUD871 million due to the impact of losses in its bulk and intermodal business and the fall out from Cyclone Debbie. Aurizon has two main business.
Commonwealth Bank of Australia CEO Ian Narev will retire from Australia's largest lender by the end of the current financial year amid claims the bank contravened anti-money laundering and terrorism financing laws. The Commonwealth Bank (CBA.AU) announced this morning that it had started the process of finding a replacement for Narev, who last week unveiled a AUD9.9 billion full-year profit amid public outrage at the bank's latest ethical stumble. The bank has suffered damage to its reputation from problems in its financial planning business and its insurance operations.