Stocks making moves or news on the ASX at the close on Monday, August 27:
ADH – ADAIRS – up 8 cents, or 3.5 per cent, at $2.40
Homewares and manchester retailer Adairs has announced a 45 per cent lift in full-year net profit to a record $30.5 million.
AYS – AMAYSIM – up 5.5 cents, or 5.2 per cent, at $1.105
Amaysim has announced record revenue of $577.6 million, up 77 per cent, after a year of expansion and strong subscriber growth across its energy and telecommunications businesses.
MHJ – MICHAEL HILL – down 2.5 cents, or 2.5 per cent, at 97.5 cents
Michael Hill plans to open at least 10 new jewellery stores this year as it looks to kickstart performance after full-year profit fell 86 per cent on restructuring costs.
RWC – RELIANCE WORLDWIDE – down 52 cents, or 8.4 per cent, at $5.66
Plumbing supplies giant Reliance Worldwide reported a flat full-year profit of $66 million, disappointing investors.
SKI – SPARK INFRASTRUCTURE – down 1 cent, or 0.4 per cent, at $2.40
Spark lifted first-half profit 19 per cent to $58.1 million, but has warned ‘an unprecedented level of concurrent and overlapping reviews’ could undermine market regulation and increase prices for consumers.