ASX 200 reporting season weekly wrap: Top risers and fallers

We reached the pinnacle of ASX reporting season this week as a swarm of S&P/ASX 200 Index (ASX: XJO) shares pulled back the curtain on their financial results.

As always, it was a mixed bag as some ASX 200 shares received gold stars from investors, while others left much to be desired.

The ASX 200 index ultimately trickled 0.1% lower but some ASX 200 shares were moving more than most.

Here’s a round-up of the biggest ASX 200 movers this week.

ASX 200 winners

The Altium Limited (ASX: ALU) share price led the way this week, lighting up 19% as the company’s FY22 results beat guidance. The ASX 200 tech share delivered revenue growth and earnings margins ahead of expectations, with analysts at Bell Potter describing it as a “cracking result”.

The Pilbara Minerals Ltd (ASX: PLS) share price was also a standout. The ASX 200 lithium share clocked up a weekly gain of 16% as its FY22 results impressed the market. A booming lithium industry propelled Pilbara’s revenue to $1.2 billion, up 577% year on year, as the company declared a maiden $560 million profit.

Fellow ASX lithium share Allkem Ltd (ASX: AKE) found itself in the winners’ column as well. The Allkem share price shot up 13% across the week as FY22 delivered record production and sales.

The Bega Cheese Ltd (ASX: BGA) share price also punched higher, soaring 11% across the week. Supply chain bottlenecks and other COVID-related challenges led to a 69% fall in profit after tax. But the company still managed to increase its interim dividend.

Last but not least, the Paladin Energy Ltd (ASX: PDN) share price found its groove, gunning 11% higher across the week. The uranium company handed in its FY22 results on Friday, but it was an announcement from the prime minister of Japan that had the market excited.

ASX 200 losers

The City Chic Collective Ltd (ASX: CCX) share price held the unfortunate title of the ASX 200’s biggest weekly detractor. The ASX 200 retail share suffered a precarious 26% fall as the company’s inventory balance ballooned, leading to negative operating cash flow.

The Adbri Ltd (ASX: ABC) share price was also feeling worse for wear, crumbling 18% across the week. Despite half-year revenue climbing 8%, net profit after tax (NPAT) fell by 15% on the back of various operational challenges.

The week brought more pain to the EML Payments Ltd (ASX: EML) share price, which endured a 16% drop. While the market reacted positively to EML’s FY22 results, a follow-up announcement disclosing yet another instance of fraud led to the sell-off.

The Nanosonics Ltd (ASX: NAN) share price also took a bath this week, tumbling 15%. It appears the company’s FY22 results and forward guidance weren’t enough to satisfy the market as it transitions to a largely direct sales model in North America.

Finally, the Kelsian Group Ltd (ASX: KLS) share price also lost its legs, backpedalling 14% across the week. Formerly known as SeaLink Travel, Kelsian delivered 13% revenue growth in FY22 and marginally increased its final dividend against a backdrop of challenging operating conditions.

The post ASX 200 reporting season weekly wrap: Top risers and fallers appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• City Chic share price dives another 12% in dire week
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Here’s everything you need to know about the latest Bega dividend
• Why City Chic, Macquarie Telecom, Polynovo, and Smartgroup shares are sinking

Motley Fool contributor Cathryn Goh has positions in Altium and EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, EML Payments, and Nanosonics Limited. The Motley Fool Australia has positions in and has recommended EML Payments and Nanosonics Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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