Reporting season has continued this past week and once again we continue to see the mixed impact the current crisis is having on different companies. In this week's edition we review some of these results.
IDP Education Limited (IEL) provides student placement services to enrol with universities, schools, and colleges.
The company offers student services, such as university and course guidance, visa application and scholarships assistance, and pre-departure support services.
IEL operates worldwide and sources students from countries like India and China, primarily enrolling them in Australia, Canada and the UK.
IEL reported a 12 per cent increase in revenue year on year, however the Australian revenue component of that decreased 13pc year on year thanks to the low intake for semester two, 2020.
The result was taken positively by the market with the share price rallying 31.6pc week on week.
Qantas Airways reported last week, outlining its group total revenue had fallen 82pc in the June quarter.
Earlier this year Qantas raised $1.43 billion capital and has outlined a three-year plan to recover from COVID-19. Investors reacted positively, with the share price up 6.0pc week on week.
Brambles Limited is a global supply chain logistics company that facilitates the supply of fresh produce, consumer goods, retail and beverages for its customers.
Despite the current crisis, Brambles revenue increased 3.0pc and benefitted from the increased pallet volumes servicing the consumer staples sector.
Brambles share price was down 1.8pc week on week.
The A2 Milk Company (A2M) has a focus on producing and selling premium-branded A1-protein-free dairy nutritional products in targeted global markets.
A2M reported a revenue increase of 32.8pc last week as China label infant nutrition sales more than doubled year on year and USA milk revenue grew 91.pc.
Despite the strong result, A2M sold off with the share price down 3.7pc week on week.
Bapcor Limited is Australasia's leading provider of automotive aftermarket parts, accessories, automotive equipment and services.
The company reported revenue increase of 12.8pc in a difficult environment.
The result was viewed positively by the market with the share price up 1234pc week on week.
- This article does not take into account the investment objectives, financial situation or particular needs of any particular person. Before acting on any advice contained in this article, you should assess whether it is appropriate in light of your own financial circumstances or contact your financial adviser. Christopher Hindmarsh is an adviser at JBWere.