- ASX200 is trading 0.4% at 7519.90 after lunchtime.
- Kogan.com tumbles 13% on disappointing FY21 results.
- Nanosonics skyrockets 22% on FY21 results & guidance outlook.
The Australian market has extended its green start to the week, trading 0.4% higher at 7519.90 after lunchtime following a strong session on Wall St overnight. The gold miners are leading the gains on the key index today, up 2.32% at the time of writing.
Tech stocks are also trading in positive territory today as Nearmap, Computershare and Link Administration each trade more than 2% higher.
Bitcoin is trading 1.26% lower in the last 24-hours at US$49,337.06 at 1:30pm AEST.
E-commerce platform Kogan.com is tumbling more than 13% today after releasing full year results that disappointed investors. For the period, Kogan.com reported a 52.7% increase in sales to $1.18bn, but an 86.8% decrease in net profit after tax to $3.5m. The decline in net profit was driven by inventory issues and caused Kogan to pause its dividends.
Making headlines, infection prevention company Nanosonics is skyrocketing more than 22% today after the company released strong FY21 results. For the 12-months, Nanosonics beat expectations in reporting a 3% increase in revenue to $103.1m and a 15% decline in net profit after tax to $8.6m. The company also announced its guidance for FY2022 will include double digit revenue growth if trading conditions remain consistent.
And Qantas has launched a new campaign promoting COVID-19 vaccination by offering vaccinated frequent flyer members the chance to win a year of free flights just for getting the jab.