Stocks to watch on the Australian stock exchange at close on Tuesday:
ANN – ANSELL LTD – up 54 cents at $13.68
Ansell has increased full year profit by 2.7 per cent as the rubber gloves and condom maker forecast that earnings per share would rise as much as 12 per cent this financial year.
CBA – COMMONWEALTH BANK OF AUSTRALIA LTD – down $1.18 at $47.38
Shares in Commonwealth Bank of Australia went ex-dividend on Monday.
GNS – GUNNS LTD – suspended from trading, last traded at 20.5 cents
The federal government should scrutinise any compensation delivered to timber company Gunns as part of the Tasmanian forestry deal, Greens leader Bob Brown says.
IAG – INSURANCE AUSTRALIA GROUP LTD – up nine cents at $3.07
Insurance Australia Group is to spend about $100 million to take a 20 per cent stake in a general insurer in China.
IIN – IINET LTD – up five cents at $2.28
Internet service provider iiNet’s annual profit fell three per cent, but recent acquisitions and rising customer numbers are expected to drive profit growth in the year ahead.
IMD – IMDEX LTD – up 18.5 cents at $2.15
Imdex has reported a full year profit after the previous year’s loss as the drilling fluids and chemicals supplier said the outlook for financial 2012 was positive.
LEI – LEIGHTON HOLDINGS LTD – up $1.64 at $21.49
Leighton Holdings has reported a full year loss due mainly from losses and reversals on the Airport Link project in Queensland and the desalination project in Victoria.
MAH – MACMAHON HOLDINGS LTD – up six cents at 56.5 cents
Engineering contractor Macmahon Holdings has denied media reports that the company has won a coal mining contract in Mongolia, saying that no formal agreement has yet been reached.
MBN – MIRABELA NICKEL LTD – down 1.5 cents at $1.70
Mining company Mirabela Nickel has posted a first half $US37.24 million ($A36.01 million) net loss because of ramping up operations at its flagship mine.
NCM – NEWCREST MINING LTD – down 33 cents at $40.40
Newcrest Mining has increased its full year profit by 63 per cent as the company reaps the benefits of its acquisition and integration of Lihir Gold.
TSM – THINKSMART LTD – down four cents at 54.5 cents
ThinkSmart has increased first half profit by five per cent as the computer and office equipment leasing company recorded a strong performance in the UK.
UGL – UGL LTD – down 24 cents at $12.26
UGL has increased full year profit by 9.7 per cent as the train manufacturer and engineering services provider said financial 2012 would be a positive growth year.
