To those wishing to purchase a new or second hand car in 2022, good luck. With supply shortages caused by COVID disruptions and the war in Ukraine making it simply impossible for buyers to walk away from a car purchase feeling like they received a good deal. Providing another option is Carly (ASX: CL8) which
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Nutritional dairy company A2 Milk (ASX: A2M) might not have qualified to provide baby milk formula in the US, but it definitely succeeded on other fronts, ushering in a double-digit revenue increase of 19.8% to $1,446.2 million with the second half of FY22 up 18.9% on the first half, largely thanks to China. The Company’s
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At a time when we had to re-evaluate our spending on everyday necessities, few compromises were made on the luxury front, with people still willing to spend generously on accessories. For FY22, fast fashion jewellery brand Lovisa (ASX: LOV) reported $548.7 million in revenue, a 59.3% increase on the previous year. The Company’s comparable store
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Even the best fiction writer probably couldn’t script this if they tried but a tumultuous year where everything that could go wrong, did – has finally ended for online books retailer Booktopia (ASX: BKG) which has culminated in a $6 million fine for breaches in consumer protection laws. The $6m fine from the Australian Competition
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Looks like more and more people are lawyering up as law firm Slater and Gordon (ASX: SGH) have delivered shareholders a net profit of $2.2 million in FY22. The second half in particular proved a highly litigious few months following a poor first half where it suffered losses worth $7.5 million. Compared to FY21, when
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Cash. It’s all about cash. And retail investors are playing safe by holding cash instead of equities as online brokerage company SelfWealth (ASX: SWF) progresses through a business transformation which has seen its growth slow, and profits fall. As previously acknowledged by SelfWealth, the surge of retail investors entering equity markets during the pandemic was
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As the BNPL fad continues deepening into irrelevance, market leader Zip Co (ASX: ZIP) insists profitability is on its horizon. You just have to overlook any timelines for such to be achieved, and their $1 billion loss for FY22 which includes $276m in customer delinquency write offs. Consumers have been happy to utilise Zip’s BNPL
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Australian airline Qantas (ASX: QAN) has been in the news for a myriad of reasons lately. And none of them have been positive. Most recently, the Company reported its third major loss following Covid-19, with the underlying loss before tax amounting to $1.86 billion and statutory loss being over $1 billion. According to the Company,
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Australians have witnessed the birth of a service that allows them to access their payday ahead of time via an advancement, bypassing banks with a service striving to operate similar to payday lenders but with fewer fees and shorter repayment timeframes. With several ‘pay advance’ companies popping up recently, it was only a matter of
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Among her first orders of business, EML Payments (ASX: EML) CEO Emma Shand is tasked with explaining to shareholders how the digital payments company fell prey to fraud, amounting to losses of $7.9 million. The fraudulent activity occurred with its Sentenial business some time in August 2022 but only came to EML’s attention on Tuesday
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