In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,499 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:
Adore Beauty Group Ltd (ASX: ABY)
The Adore Beauty share price is up 3.5% to $4.99. This follows the release of the online beauty retailer’s full year results. For the 12 months ended 30 June, Adore Beauty reported a 48% increase in revenue to $179.3 million and a 53% jump in EBITDA to $7.6 million. A key driver of this growth was a 39% increase in active customers to 818,000.
Fortescue Metals Group Limited (ASX: FMG)
The Fortescue share price has risen 6% to $21.25. Investors have been buying the iron ore miner’s shares following the release of its full year result. For the 12 months ended 30 June, Fortescue reported a 117% increase in net profit after tax to US$10.3 billion. This was just ahead of the analyst consensus estimate of US$10.2 billion. This strong performance allowed the Fortescue Board to declare a fully franked final dividend of $2.11 per share. This doubled its full year dividend to $3.58 per share.
InvoCare Limited (ASX: IVC)
The InvoCare share price has jumped 8% to $12.14. This follows the release of a strong half year update by the funeral company this morning. InvoCare returned to form during the first half, delivering a 13% increase in operating revenue to $257.3 million and a 31% lift in operating EBITDA to $63.6 million.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price has surged 11% higher to $14.42. This strong gain has been driven by the release of the online furniture and homewares retailer’s full year results. And while its numbers were largely pre-released at the end of July, today’s release included an update on current trading. That update revealed that revenue between 1 July and 27 August was up 49% over the prior corresponding period.
The post Why Adore Beauty, Fortescue, InvoCare, & Temple & Webster are charging higher appeared first on The Motley Fool Australia.
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- Adore Beauty (ASX:ABY) share price climbs on record result
- Fortescue (ASX:FMG) share price jumps 6% on surging revenue
- ASX 200 midday update: Fortescue result and dividend impress, Altium sinks
- The Fortescue (ASX:FMG) dividend has doubled to record levels
- Temple and Webster (ASX:TPW) share price jumps 13% as revenue soars
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended InvoCare Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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