Stocks to watch on the Australian stock exchange:
AX1 – ACCENT GROUP – up 16.5 cents, or 18.5 per cent, to $1.055
Owner of The Athlete’s Foot brand, Accent group, has lifted first-half profit 19.4 per cent to $25.3 million on the back of a boost in group sales.
MYX – MAYNE PHARMA – up 7.5 cents, or 10.7 per cent, to 77.5 cents
Mayne Pharma has slipped to a net loss of $173 million, driven by asset impairments, restructuring expenses and restatement of deferred tax assets and liabilities following a reduction in the US corporate tax rate.
REG – REGIS HEALTHCARE – up 32 cents, or 8.4 per cent, to $4.12
Aged care provider Regis Healthcare has reported a 12 per cent decline in half-year profit to $27.9 million, with the results impacted by lower occupancy levels.
SXL – SOUTHERN CROSS MEDIA – down 11.5 cents, or 9.7 per cent, to $1.07
Southern Cross Austereo’s half-year net profit has dropped 21.2 per cent to $38.2 million, with the recent divestment of its northern NSW TV business and lower metro radio revenue weighing on its bottom line.
TGR – TASSAL – up 31 cents, or 8.5 per cent, to $3.95
Fish farmer Tassal’s first-half profit has risen by 2.5 per cent to $28.4 million as local demand for salmon exceeds expectations and the company benefits from its strategy of growing bigger fish.
WOW – WOOLWORTHS – down 72 cents, or 2.6 per cent, to $26.92
Woolworths’ first-half profit jumped 37.6 per cent to $969 million after comparable food sales at its Australian supermarkets rose 4.9 per cent.