Australia&#39;s Seven FY Net Jumps 59% To A$93.3M -2-
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SYDNEY (Dow Jones)--Australian television broadcaster Seven Network Ltd. (SEV) said Tuesday net profit jumped 59% to A$93.3 million for the fiscal year ended June 26, boosted by profit proceeds from the sell down of its stake in B Digital.
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The countryâs trade deficit narrowed in January as coal and manufacturing exports rose, signaling that growth may pick up in the Asia-Pacific regionâs fifth-largest economy. The trade shortfall narrowed to 876 million Australian dollars ($677 million) from 1.38 billion Australian dollars in December, the Bureau of Statistics reported. Exports rose 2 percent and imports dropped 1 percent. Total exports climbed to 18.12 billion Australian dollars in January. Farm exports like meat, sugar, wheat and wool declined 1 percent. Shipments of nonrural goods, which include minerals, increased 3 percent. Total imports fell to 18.99 billion Australian dollars from December. Imports of intermediate goods, which include fuel, decreased 1 percent.
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Paying women to have babies has helped Australia boost its birthrate well above that of other developed nations, new figures have shown.
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Canada-based Brookfield Asset Management Inc.  has made a takeover approach for Australia's A$4 billion ($3.1 billion) Multiplex Group Ltd. , the construction and property group said, sending its shares up 7.5 percent.
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SYDNEY  - Australia&#39;s commodity exports are forecast to increase by 15 percent to a record 95 billion dollars (71 million US), the government&#39;s key economic forecaster said.
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The trade deficit jumped sharply in November, rising to $60.3 billion, increasing by 7 percent over the month before.
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SYDNEY (Dow Jones)--Australian data released Monday confirmed a story of reaccelerating economic growth in the second quarter as company profits surged while inventories
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By MARK METHERELL, MATT WADE, TOM ALLARD and COSIMA MARRINER. Australia&#39;s prime minister John Howard has proffered $A1 billion in new handouts to older Australians two days after Labor&#39;s $A2.
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Australia&#39;s real gross domestic product (GDP) is projected to grow by about 3.75 percent in 2004 and medium-term prospects remain favorable, the International Monetary Fund (IMF) said Monday.
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AFTER 7 years of operation, Australian online media heavyweight ninemsn has recorded its first annual profit of $14.4 million. The result compares with a net loss of $800,000 in 2003, which excluded the company&#39;s
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MELBOURNE (Dow Jones)--Fresh from two major acquisitions, Australia&#39;s biggest gambling company Tabcorp Ltd. (TAH.AU) Thursday said annual net profit rose 23% to A$311.
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Blog: Net income for the second quarter was $925 million, or $2.93 a share, up from $721 million, or $2.33 a share, a year earlier.
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SYDNEY - Australian stocks rose 0.9 percent on Thursday, touching a new record as oil prices tumbled and as WMC Resources soared in the wake of a rejected A$7.
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JOHN Howard has announced a $98.7 million investment in counter-terrorism that includes pushing cutting-edge Australian technology into the Asia-Pacific.
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The value of Australia&#39;s commodity exports is expected to hit $95 billion this financial year, with minerals and energy expected to drive the improvement.
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It appears Australians have never been wealthier as total private sector wealth now exceeds $5 trillion. Officially, private sector wealth is estimated at $5,013 billion, which is up 18 per cent in the past year.
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Business & money: Â£7bn dawn raid marks new level of foreign investment as shares in target jump 13% on purchase