AU market earnings: Telstra and Cochlear boost dividends despite mixed earnings
Telstra, Goodman Group, and Cochlear report mixed earnings, with Telstra and Cochlear raising dividends despite profit challenges. ASX sees gains as investors react to the latest financial updates.
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This video was created on 15 August for IG audiences by ausbiz.
Earnings reports reveal mixed financial landscape
The recent earnings reports from Telstra, Goodman Group, and Cochlear reveal a mixed financial landscape.
Telstra experienced a near 13% drop in full-year profit but increased its dividend by 6%, driven by strong performance in its mobile business. Goodman Group reported a 15% rise in operating profit despite a statutory loss due to a decrease in portfolio value. Cochlear posted a 27% increase in net profit and raised its dividend by 24%, although its future guidance led to a mixed market reaction. The ASX responded positively, with gains driven by investor reactions to these updates.
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