- The ASX200 is trading 0.13% higher at 7498 on Monday.
- Adore Beauty rallies on record revenue and strong FY21 results.
- Crown Resorts share price tumbles on FY21 results with $261.3m loss.
The Australian market is trading 0.13% higher at 7498 on Monday as company profits and wages both rose in the June quarter shown in data out today indicating increasing strength in the Australian jobs market.
Tech stocks are trading lower today as Altium plummets more than 11% after the company released its FY21 results. Nuix is also trading more than 9% lower and EML Payments is down 2.44% at the time of writing.
Bitcoin is trading 0.65% lower over the last 24-hours at US$48,122.17 at 1:30pm AEST.
Online-beauty retailer Adore Beauty is rallying today after releasing record FY21 results. For the year, Adore Beauty reported revenue growth of 48% YoY to a record $179.3m, EBITDA of $7.6m, up 53% YoY, and active customers increased 39% YoY to 818,000.
Making headlines, troubled Crown Resorts is trading lower today after releasing FY21 results this morning. For the period, Crown Resorts reported a $261.3m loss driven by ongoing lockdowns and royal commissions into the group?s casinos, and revenue dropped 31.3% to $1.54bn.
And a 12-year-old boy from London has made an estimated 290,000 pounds during his school holidays after creating a series of ?weird whale? pixelated artworks and selling them as NFTs.