NewsBite

Chanticleer

Chanticleer

What we learnt: Welcome to profit season's brave new world

A retailer which raised its dividend despite getting $4 million in taxpayer funds is a neat window into the topsy-turvy world of a COVID-19 profit season.

Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

With Australia’s second-biggest city under a nightly curfew and its residents reduced to figuring out whether they are “permitted” workers, it was fitting that the first week of the August reporting season provided a peek into the strange new world we live in.

Take medical device giant ResMed, a big decline in customers for its core sleep apnoea products was offset by a huge rise in the number of ventilators – more than 150,000 in the space of a few months – that were sold to hospitals as part of the global fight against a deadly global pandemic.

Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Chanticleer

    Original URL: https://www.afr.com/chanticleer/what-we-learnt-welcome-to-profit-season-s-brave-new-world-20200807-p55jj7