Optus FY20 profit falls 39% to $402m

Optus FY20 profit falls 39% to $402m

Optus says the full-year net profit delivered to its Singaporean parent company Singtel dropped 39 per cent to $402 million amid a “challenging year for the industry”. Revenue for the 12 months to March 31 dropped 2.0 per cent to $8.95 billion as higher...
Optus FY20 profit falls 39% to $402m

Gold falls 1% as risk appetite firms

Gold fell by more than 1 per cent overnight as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite. Spot gold slipped 1.1 per cent to $US1,710.95 per ounce by 1741 GMT, having earlier hit a...
Optus FY20 profit falls 39% to $402m

Gold falls as investors bank on cash

Gold fell more than 1 per cent overnight as investors booked profits from recent rallies and some switched to the safety of cash driven by growing US-China trade tensions and doubts about an economic recovery. Spot gold was down 1.5 per cent to $US1,722.78 per ounce...
Optus FY20 profit falls 39% to $402m

Oil falls despite US crude stock drawdown

Oil prices fell about 2 per cent overnight despite the first decline in US crude inventories since January, as the US Federal Reserve chairman stoked demand fears with a warning the economy would take many months to recover from the coronavirus pandemic. Oil had...
Optus FY20 profit falls 39% to $402m

Oil falls on fears of second virus wave

Oil prices fell overnight as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses. Brent crude futures lost $US1.37, or 4.4 per cent, to settle at $US29.60 a...