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.
[AI generated]
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.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Explore the markets with our free course
Discover the range of markets you can trade CFDs on - and learn how they work - with IG Academy's online course.
Turn knowledge into success
Practice makes perfect. Take what you’ve learned in this shares strategy article, and try it out in your demo account.
Ready to trade shares?
Put the lessons in this article to use in a live account. Upgrading is quick and simple.
- Trade over 13,000 popular global stocks
- Protect your capital with risk management tools
- Deal on 70 key US stocks out-of-hours, so you can react to news
Inspired to trade?
Put the knowledge you’ve gained from this article into practice. Log in to your account now.
Live prices on most popular markets
- Forex
- Shares
- Indices
