AU market earnings: Northern Star shines with profit surge
Northern Star Resources doubles profit on record gold prices, while Whitehaven Coal's profit drops 87% due to inflation. Medibank Private shows solid profit growth despite cost-of-living concerns.
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This video was created on 22 August for IG audiences by ausbiz.
Northern Star leads, Whitehaven Coal and Medibank deliver varied earnings
Northern Star Resources reported a strong performance, doubling its full-year net profit to $699 million, driven by record revenue and elevated gold prices. In contrast, Whitehaven Coal experienced an 87% drop in profit due to inflation and reduced output, although it announced a dividend and a strategic asset sale that boosted its stock by 7%. Medibank Private saw a 14% increase in net profit, supported by solid operating margins and a final dividend increase.
Super Retail Group posted record sales of $3.9 billion, while Megaport reported its first profit but issued a disappointing fiscal year 2025 outlook, leading to a sharp decline in its share price.
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