- ASX200 is trading 0.36% lower at 7504.70 after lunchtime.
- Tyro rallies on record FY21 results including 424% growth in EBITDA.
- Qantas shares climb on international travel news & FY21 results.
The Australian market?s green run has ended today as the ASX trades 0.36% lower at 7504.70 as a number of companies released underwhelming full year results, in addition to NSW hitting a new record high number of COVID-19 cases over 1000. Utilities and gold mining stocks are taking the biggest hit so far in today?s session.
Tech stocks are trading in negative territory today as Appen plummets more than 19%, while Link Administration is also trading 11.75% lower.
Bitcoin is trading relatively flat this afternoon, just 0.06% lower over the last 24-hours at US$48,151.67 at 1:30pm AEST.
Australian-based fintech company Tyro Payments is rallying today after the company released record FY results. For the year, Tyro reported a record $25.5bn in transactions, an increase of 28% in gross profit to $119.4m and a 424% increase in EBITDA to $14.2m.
Making headlines, Qantas shares are rallying today after announcing a planned return to international travel late this year and released FY21 results. The national carrier?s statutory loss after tax came in at $1.73bn, total revenue was $5.93bn and operating cash flows resulted in an outflow of $386m. Qantas CEO Alan Joyce also announced the company?s international restart plans including flights to COVID-safe destinations like Singapore, the US and Japan from mid-late 2021.
And Delta airlines is imposing a US$200 monthly surcharge on unvaccinated employees using the company?s healthcare plan.