Australian Shares Set To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, while the USA’s S&P 500 Index (.INX) fell by 0.79% on Tuesday.

Australian Dollar ($A) (AUDUSD): 67.77US cents

Dow Jones (DJI): down 0.66%

Oil (WTI): $US56.34 per barrel

Gold: $US1,496 per ounce

Australian Sharemarket News

A2 Milk Company Ltd (ASX: A2M)

In ASX sharemarket news, A2 Milk Company Ltd (ASX: A2M) has revealed its full year result for the 2019 financial year.

Total revenue increased by 41.4% to NZ$1.3 billion, EBITDA grew by 46.1% to NZ$413.6 million and net profit after tax (NPAT) went up by NZ$287.7 million.

The company increased its market share in all of its operating regions and increased the number of stores its products have been sold in the US by 118% to 13,100 stores.

However, A2 Milk decided to exit its UK liquid milk operations because management thought it would be better to concentrate on the US and China regions.

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management Ltd (ASX: CTD) is another business to report its full-year result to the market this morning.

In FY19, total transaction value (TTV) increased by 30% to $6.46 billion with a higher market share in all of its operating regions.

Underlying EBITDA climbed 20% to $150.1 million, which was at the top end of its guidance whilst statutory net profit grew by 12% to $86.2 million.

The Corporate Travel Board decided to declare full year dividends of 40 cents per share, an increase of 11%.

Bapcor Ltd (ASX: BAP)

Auto parts business Bapcor Ltd (ASX: BAP) was another company to report today. Continuing operations revenue rose by 4.8% to almost $1.3 billion, pro forma continuing EBITDA grew by 9.8% to $164.6 million and pro forma continuing net profit after tax (NPAT) increased by 9%.

Thanks to the quite solid result, Bapcor decided to increase its dividend by 9.7% for the year to 17 cents per share.

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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

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