In today’s briefing:
- ASX – Listed Companies in Decline, Costs Soaring, Weaker Profit Can Be Dramatic
ASX – Listed Companies in Decline, Costs Soaring, Weaker Profit Can Be Dramatic
- ASX is seeing the number of listed companies in decline, although there are some positives with average daily turnover and secondary listings.
- Higher costs are keeping positives from reaching the bottom line fully, with costs to revenue are now 40% in 1H24 where this was 29% in recent interim periods.
- Capex plans for ASX and sticky inflationary figures on staff costs, the current year and following year net profit can see reasonable pressure.
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