ASX LIVE: Australian shares are poised to rise, earnings and more earnings

Australian shares set to open higher. Reporting on Monday: Beach Energy, BlueScope Steel, Carsales, GPT Group. $A steady. Follow updates here.

Listed investment company Bailador Technology have reported an increase in profits for the year to 30 June. Net profit rose 23 per cent to $34 million while gains on financial assets rose 36 per cent to $70.7 million.

“Soon after we signed binding agreements, global share markets suffered steep falls. Technology stocks, especially unprofitable ones, fell the hardest,” they said. The investment company is sitting on $144 million in cash to “take advantage of additional investment opportunities”, up from $44 million this time last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX to rise, US stocks extend mid-year rallyAustralian shares expected to open higher on Wall Street’s bullishness. Reporting on Monday: Beach Energy, Carsales, GWA Group, JB Hi-Fi.
Read more »

ASX to rise, US stocks extend mid-year rallyAustralian shares expected to open higher on Wall Street’s bullishness. Reporting on Monday: Beach Energy, Carsales, GWA Group, JB Hi-Fi.
Read more »

ASX LIVE: Australian shares are poised to rise, earnings and more earningsAustralian shares set to open higher. Reporting on Monday: Beach Energy, BlueScope Steel, Carsales, GPT Group. $A steady. Follow updates here.
Read more »

ASX LIVE: Australian shares are poised to rise, earnings and more earningsAustralian shares set to open higher. Reporting on Monday: Beach Energy, BlueScope Steel, Carsales, GPT Group. $A steady. Follow updates here.
Read more »

ASX to rise, US stocks extend mid-year rallyAustralian shares expected to open higher on Wall Street’s bullishness. Reporting on Monday: Beach Energy, Carsales, GWA Group, JB Hi-Fi.
Read more »

ASX to rise, US stocks extend mid-year rallyAustralian shares expected to open higher on Wall Street’s bullishness. Reporting on Monday: Beach Energy, Carsales, GWA Group, JB Hi-Fi.
Read more »