Guidance - News, Features, and Slideshows

News

• Woolworths targets up to 6% growth in FY12 net

  Woolworths (ASX:WOW) managing director David Luscombe believes the company can grow its FY12 profit by 2-6% even in a subdued retail environment

• Vocus on track for “strong” FY12: CEO

  Vocus (ASX:VOC) CEO James Spenceley believes the company's focus on dark fibre and data centres in FY11 has left it on good stead for the coming year

• Macquarie cuts 1H forecast

  Capital market conditions have prompted Macquarie Group (ASX:MQG) to shave its earnings expectations for 1H12, and - in the case of some divisions - for the full year

• BHP boosts FY11 profit 85.9%

  BHP Billiton (ASX:BHP) has reported a strong FY11 profit of US$23.6b ($31.1b), and has forecast continuing strong demand for commodities

• Servcorp profit up 24%, outlook positive

  Managed and virtual office provider Servcorp (ASX:SRV) reported healthy profit growth in FY11, and said it is “cautiously optimistic” of more growth in FY12

• DPG plots share buyback on healthy outlook

  Digital marketing company Digital Performance Group (ASX:DIG) plans a share buyback, after meeting its FY11 ebitda forecasts and projecting growth in FY12

• CBA grows FY11 profit to $6.39b

  Commonwealth Bank (ASX:CBA) recorded a 13% rise in FY11 profit to $6.39b, and improved its return on equity and net interest margins over the year

• Mnet expects $1m ebitda for FY11

  Mnet (ASX:MNZ) expects to report strong FY11 earnings gains following the sale of a ringtones business, and has flagged plans to establish a US presence

• Techniche lowers FY11 guidance

  Technology company Techinche (ASX:TCN) cut its profit guidance for FY11, due in part to the strong AUD

• Navitas FY11 profit grows 20%

  Navitas (ASX:NVT) grew its FY11 profit 20%, even as the company shifted focus to investments and expansion rather than significant earnings growth, CEO Rod Jones said

• Data#3 estimates 38% profit growth in FY11

  ICT solutions company Data#3 (ASX:DTL) said its unaudited results show a forecast-beating 38% profit growth for FY11

• Onthehouse affirms FY11, FY12 guidance

  Real estate website operator Onthehouse Holdings (ASX:OTH) reaffirmed its forecasts, including for $1.9m profit in FY12, based on its performance in June

• Plan B expects 37% FY11 profit growth

  Wealth management company Plan B (ASX:PLB) said unaudited results show a 37% growth in profit to $4.6m for FY11, with FUMA growing 12.9% to $2.3b

• Runge expects up to 60% FY11 profit growth

  Mining technology company Runge (ASX:RUL) expects to report an up to 60% profit growth for FY11, but its new managing director isn't satisfied

• David Jones forecasts up to 20% 1H profit slump

  Shares in David Jones (ASX:DJS) fell to a two-year low as the company warned it expects a 15-20% decline in 1H12 profit, and no longer expects to report profit growth in FY11