In they flowed this morning, racing to beat the 10am cut-off for June 30 reporting companies. And in the end, all but a handful made it.
The ASX reported just after the deadline that nine companies, mostly miners, had been suspended. Six of the companies failed to lodge interim results, the remainder, final results.
A total of 23 companies filed final results this morning, but yesterday around 262 finals poured into the ASX and 51 half-year reports, even though the exchange had lengthened the deadline by two weeks to give companies more time to file and grapple with the forthcoming International Financial Reporting Standards.
It was a mixed bag. Evans and Tate stood out with its near-death experience and a loss of almost $50 million; McGuigan Simeon Wines reported a down turn in earnings; and the rump of Xanadu Wines, Global Wine Ventures, lost more than $39 million.
Millers Retail dominated the red ink brigade with a loss of $103 million, the biggest for sometime that was reported late Tuesday morning in time for yesterday’s edition.
But B Digital, the former mobile phone arm of the Seven Network, reported a big rise in earnings to $18 million.
Icon Energy, one of the stragglers suspended today, said it had been unable to produce its half year accounts because the chief financial officer and company secretary had become ill and was too sick in hospital to be consulted. “Alternate arrangements” had been made to complete the half year review, the company said.
Which sure beats the old “dog ate the accounts” excuse.
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