During the months of February and August, the majority of Australian listed companies reveal their profit results and most provide guidance as to how they expect their businesses to perform in the upcoming year. Whilst we regularly meet with companies between reporting periods to gauge how their businesses are performing, during reporting season companies open up their car bonnets to enable investors to have a detailed look at their company’s financials. Until this happens, investors don’t know for certain whether smoke is going to pour out (and receive a scornful look from the girl in red below) or find out that the growth engine is humming along.
Today marks the final day of the August 2016 reporting season and companies have until the end of the day to report their financials. In this piece we are going to run through the key themes that have emerged over the last four weeks.
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