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Hewison Private Wealth - Insights
Hewison Insights
Australian share market

Reporting Season Update

Nathan Lear
Partner/Private Client Adviser
31 Mar 2014

The February reporting season was a positive one for the Australian share market. Not only did many companies report strong results, forward expectations were also very positive.

Key themes were a massive turnaround from the resource giants BHP and Rio Tinto, with both posting excellent results. The major banks also continued their strong performance.

The bottom line is that Australian companies are in good shape. In previous years, with the economy coming out of the global financial crisis, a major focus for businesses has been cost cutting. But as we move into a more positive growth phase, we are seeing strong increases in revenue and profit.

The table below shows the percentage Net Profit after Tax (NPAT) increase/decrease of some of Australia’s leading companies that many Hewison clients have exposure to:

The outlook for 2014 remains positive. However for share prices to continue to rise, we will need to see earnings growth. Therefore stock selection is as important as ever. As always, in order to succeed in the current environment investors need to have a disciplined strategy and stick to it.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.