Insights

ASX reporting wrap-up: Harvey Norman, Cettire, PointsBet

Just what the investor ordered. Here’s a recap of the companies that reported on Tuesday…
The post ASX reporting wrap-up: Harvey Norman, Cettire, PointsBet appeared first on The Motley Fool Australia. –

As we near the end of the ASX reporting season, a handful of companies made waves on the market with their results today.

We’ll quickly unpack today’s results and then wrap things back up for tomorrow.

Those that reported on the ASX today

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price weakened today after the company reported its FY21 full-year results. This was despite a solid result from the retail giant for the 12 months ended June 30. It seems investors were more forward-looking and did not take a liking to the slow start to FY22 as a result of ongoing lockdowns.

The takeaway points:

Total aggregated sales up 15.3% to $9,491 million;
Comparable store sales up 13.9% year-over-year (YoY);

Earnings before interest, taxes, depreciation and amortisation (EBITDA) jumped 54.2% to $1,457 million;
Profit after tax excluding property revaluations up 63% to record $743.1 million;
Fully franked total dividend up 45.8% to 35 cents per share.

The Harvey Norman share price finished the day down 3.2% trading at $5.38.

Cettire Ltd (ASX: CTT)

The Cettire share price was a more positive performer on the ASX after reporting its full-year results for FY21. Shares in the online luxury goods retailer climbed 2.8% to $2.60 after revenue rocketed higher YoY.

The takeaway points:

Gross revenue of $124.5 million, up 333% YoY on a constant currency basis;
Sales revenue of $92.4 million, up 304% YoY on a constant currency basis;
Statutory net profit after tax swung from $1.53 million to a loss of $251,000;
Active customers increased 285% to 114,830;
Operating cash flow of $12.7 million, up 131% on FY20;
Cash position at the end of June 2021 of $47.1 million with no debt.

Pointsbet Holdings Ltd (ASX: PBH)

Lastly, the Pointsbet share price managed to add 1.7% on the ASX today after reporting a 159% increase in revenue in its FY21 result.

However, the sports wagering company had a relatively tame day on the market compared to its past performances. Investors might have been more cautious of the company’s shares given the significant bottom-line loss reported.

The takeaway points:

Turnover up 228% to $3,781.4 million;
Revenue increased 159% to $194.7 million;
Normalised EBITDA loss of $156.1 million;
Normalised loss after tax of $164.3 million compared to $39.7 million loss in FY 2020;
Statutory loss after tax of $187.1 million;
Cash balance of $276.2 million (including $30.6 million of client cash).

ASX shares reporting tomorrow

Well, the truth is, today has brought us to the conclusion of the ASX reporting season. While the annual reports might end here there is no doubt there will be other announcements rolling out from companies as always.

If you want to revisit any results coverage from the reporting season it is all linked on our calendar — check out our ASX Reporting Season Calendar.

The post ASX reporting wrap-up: Harvey Norman, Cettire, PointsBet appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Pointsbet (ASX:PBH) share price slumps on FY21 results. What’s next?
Why Bubs, Harvey Norman, Mesoblast, & Regis shares are dropping

ASX 200 midday update: Harvey Norman’s record profit, PointsBet posts large loss

Cettire (ASX:CTT) share price slumps despite revenue quadrupling
Harvey Norman (ASX:HVN) share price down 5% despite strong FY21 growth

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cettire Limited and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Cettire Limited, Harvey Norman Holdings Ltd., and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!