The Bubs Australia Ltd (ASX: BUB) share price is down 4.1% at the time of writing, having earlier posted losses of more than 5.5%.

Bubs shares closed yesterday trading for 61 cents and are currently trading for 58 cents.

This comes as investors are mulling over the infant formula company’s full-year results for the 12 months ending 30 June (FY22).

What are ASX investors considering?

After posting gains for the last three trading days, the Bubs share price is heading in the other direction today.

That’s despite the company reporting record gross revenue of $104.2 million in FY22, up 123% from the prior year.

Investors may be questioning the long-term sustainability of that revenue increase, however. As The Motley Fool reported earlier today, gross revenue rocketed during the second half of the financial year, when the United States was running short of infant formula.

Bubs was able to partner with major US retailers to sell its formula in the US. This helped drive a 202% increase in the company’s international sales from the prior year.

But with US formula producers returning to full production, investors may be pondering the uncertainty around future sales growth in that key market.

The Bubs share price also could be under some pressure as the company is still loss-making. Though, the loss after tax fell to $11.4 million in FY22, down from $74.7 million in FY21.

While management flagged earnings growth for FY23, without offering specifics, in an era of higher interest rates, future earnings come with a higher present cost. Hence ASX growth shares have more broadly come under pressure this year.

Bubs share price snapshot

The Bubs share price has been a strong outperformer in both the calendar year and over the past full year.

So far in 2022, Bubs shares are up 24%, compared to a 9% loss posted by the All Ordinaries Index (ASX: XAO). And over the past 12 months, the Bubs share price has leapt 43% higher, while the All Ordinaries has fallen 7%.

The post Why is the Bubs share price down 4% after reporting strong FY22 growth? appeared first on The Motley Fool Australia.

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More reading

• Bubs share price on watch as full-year revenue blasts 127% higher

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BUBS AUST FPO. 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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The Best & Less Group Holdings Ltd (ASX: BST) share price is well in the green this morning following the release of the company’s FY22 results.

At the time of writing, the clothing retailer’s shares are trading 4.96% higher at $2.75 apiece after hitting a high of $2.81 a share shortly after market open.

Let’s check the company’s results.

Best & Lest shares lift as online sales grow

Key takeouts from the company’s earnings include:

• Revenue of $622 million, down 6.2% from $663 million
• Like-for-like (LFL) sales, also known as same-store sales, were down by 0.7% year on year, but up 9.1% versus FY20
• Online sales growth of 15.6% versus this time last year to $69.7 million
• Gross profit margin of 49.1%, stemming an EBITDA margin of 10%
• Pro forma EBITDA of $62.5 million compared to $71.6 million in FY21
• Net cash position of $36 million
• Final dividend of 12 cents per share declare, fully franked dividend yield of 8.8% based on 29 August closing price
• Total dividend of 23 cents per share for FY22

What else happened this period for Best & Less?

Despite numerous challenges affecting supply chains and overall product supply, notwithstanding COVID-19 headwinds, the company grew its gross margin 20 basis points year on year.

Online sales were the standout with around a 16% year-on-year gain that also contributed around 11% of total sales, up from 9.2% the year prior.

Growth also benefited from a strong performance from the company’s core non-discretionary product lines. These continue to drive significant volume for the business, Best & Less said.

Meanwhile, a 12 cents per share dividend was declared on a roughly 80% payout ratio. This brings the total dividend to 23 cents per share for FY22.

Management commentary

Speaking on the results, Best & Less chief executive officer Rodney Orrock said:

After losing over 21% of total trading days in the first half due to COVID-related store closures, I am pleased to report a strong second half performance. Our team kept their eyes on the ball, doing a great job to control the things that could be controlled, delivering significantly higher sales and strong margins, while continuing to provide superb service to our customers.

What’s next for Best & Less?

The company has started FY23 well. It said:

Through eight weeks of trading in H1 FY23, total sales were +38.0% on the [prior corresponding period] PCP. LFL sales were +1.4% overall, with store LFL sales +7.5% and online sales -29.1%, noting that sales in the PCP were impacted by lockdowns and trading restrictions in several states.

Best & Less share price snapshot

The Best & Less share price is down almost 33% this year to date but only 2.5% lower than this time last year.

The company’s share price has climbed 17% in just the last month.

Best & Less has a current market capitalisation of around $346 million.

The post Best & Less share price surges 7% on sharp FY22 results appeared first on The Motley Fool Australia.

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More reading

• Why is the Bubs share price down 4% after reporting strong FY22 growth?
• Bravura Solutions share price slides 8% amid profit downfall
• SILK Laser share price surges as FY22 earnings beat guidance
• Airtasker share price slides 5% on net loss
• Why is the PointsBet share price rising on Tuesday?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Bravura Solutions Ltd (ASX: BVS) share price is sinking today after the company announced mixed results for FY22.

At the time of writing, shares in the wealth management software company are down 8.41% to $1.47 each.

Let’s go over the report’s highlights.

Bravura Solutions share price falls as earnings slump

• Group revenue up 10% year over year (yoy) to $266.7 million
• Group earnings before interest, taxes, depreciation and amortisation (EBITDA) down 8% yoy to $45.3 million
• Net profit after tax (NPAT) down 14% yoy to $29.99 million
• Net assets per ordinary security of 134.8 cents
• Earnings per share (EPS) down 14% to 12.1 cents per share (cps)
• Unfranked dividend of 3.2 cps

Bravura notes that its operations suffered “unprecedented macroeconomic challenges caused by the COVID-19 pandemic”. These were said to have affected investors’ outlook for making long-term investments, affecting its top and bottom lines, driving up wage costs, and causing disruptions.

A slowdown in rolling out its software projects was also observed due to the virus.

Other highlights from the year were that it successfully integrated its FinoComp and Delta acquisitions into its operations.

The unfranked dividend of 3.2 cps has a record date of 5 September and a payment date of 29 September.

What else happened in FY22?

In terms of the company’s operating segments, wealth management revenue grew 6% and fund administration revenue grew 17%. Contracted recurring revenues also grew during the same period, growing 8% to $142.1 million.

Bravura also invested substantially into research and development (R&D) during the period with a $21.2 million investment. These funds were primarily used to develop its Sonata Alta wealth management software built to be used by Australian super funds.

Two major corporate changes occurred during the year, including appointing Libby Roy as the new chief executive officer and Brent Henley as chief financial officer.

What did management say?

Bravura Solutions chief executive officer Libby Roy said:

The long-term nature of Bravura’s client relationships, our high proportion and continued growth of recurring revenue and our strategic acquisitions helped us return to revenue growth in FY22.

In FY22, Bravura’s financial results reflected revenue growth of 10%, offset by increased operating costs in a challenging technology labour market.

Group EBITDA was down 8% to A$45.3m, compared to A$49.3m in FY21. The EBITDA result was driven by continued wage pressure driven by resource shortages and the global resource mix, staff attrition and investment in key delivery resources across APAC and EMEA. This resulted in the EBITDA Margin of 17% (20% in FY21).

What’s next?

For FY23 and beyond, Bravura will continue to work on its flagship Sonata product to deliver business process as a service (BPaaS) offers to its key customers. The company also notes it has a strong sales pipeline for its Sonata offering to increase its growth in the future.

Besides that, the company plans to increase its number of partnerships with its client base, allowing for more cross-selling and upselling opportunities.

“Funds Administration represents 36% of Bravura’s revenue and we will continue to explore opportunities for expansion,” Roy said.

A further focus on transitioning its products to the cloud is underway.

Bravura Solutions share price snapshot

The Bravura Solutions share price is down 40% year to date and 52% in the past 12 months. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down around 8% and 7%, respectively, over the same periods.

Bravura has a market capitalisation of $398.61 million.

The post Bravura Solutions share price slides 8% amid profit downfall appeared first on The Motley Fool Australia.

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Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bravura Solutions Ltd. The Motley Fool Australia has positions in and has recommended Bravura Solutions Ltd. 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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The SILK Laser Australia Ltd (ASX: SLA) share price is soaring after the company posted its earnings for financial year 2022 (FY22).

The stock opened 3% higher at $2.68 before surging higher.

At the time of writing, the SILK Laser share price is $2.71, 4.23% higher than its previous close.

SILK Laser share price gains as revenue lifts 38%

Here are the key takeaways from the specialist non-surgical aesthetics clinic networks’ FY22 earnings:

• Network cash sales reached $162.7 million – 91% higher than that of the prior corresponding period (pcp)
• Revenue lifted 38% to $81.3 million
• Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 27% to $22 million
• Net profit after tax (NPAT) lifted 24% to $6.4 million
• Ended the period with 127 clinics – more than double what it had at the end of the pcp

SILK Laser beat its initial public offering (IPO) EBITDA guidance by 10% in FY22.

The company’s cash sales surged 91% last financial year. Though, its like-for-like sales remained flat, maintaining the 52% growth in like-for-like sales achieved the prior year.

The company’s client base grew to 1.4 million customers in FY22, with most booking multiple treatments per appointment. Average customer spend was $661. Its own skincare brands also continued to expand online sales.

SILK Laser closed FY22 with $18.6 million of cash and net debt of $3.8 million.

What else happened in FY22?

The company acquired Australian Skin Clinics and The Cosmetic Clinic in September for $47 million. The businesses’ initial integration has now been completed.

Last financial year also marked the first full fiscal year in which the company operated as a listed entity, having floated on the ASX in December 2020. SILK Laser shares are currently trading for 21% less than their IPO offer price of $3.45.

What did management say?

SILK Laser co-founder and managing director Martin Perelman commented on the company’s earnings, saying:

After operating in challenging market conditions this past year, I’m so proud at how hard the SILK team has worked to deliver these robust financial results.

We continue to execute against SILK’s growth strategy outlined at the time of our IPO, beating EBITDA guidance by 10% while diversifying our service mix with Injectables and Body proving to be our key growth drivers.

What’s next?

The company hasn’t provided any new earnings guidance today. Though, it did post a trading update.

Over the period between 1 July and 28 August, its like-for-like sales grew 5% on that of the pcp, with service mix continuing to skew towards injectables. It also implemented strategic price increases to mitigate the cost of inflation with no reduction in transaction volume recorded.

The company’s growth strategy remains in line with its IPO plan which is expected to see it boasting 150 clinics. It’s also evaluating organic growth and merger and acquisition opportunities, including clinic buybacks.

Finally, its investing in upgraded corporate systems, with a total estimated project spend of $2.5 million for FY23.

SILK Laser share price snapshot

It’s been a rough year for the SILK Laser share price.

It has fallen 36% since the start of 2022. It’s also 31% lower than it was this time last year.

For context, the All Ordinaries Index (ASX: XAO) has dumped 9% year to date and 7% over the last 12 months.

The post SILK Laser share price surges as FY22 earnings beat guidance appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended SILK Laser Australia Limited. The Motley Fool Australia has recommended SILK Laser Australia 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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The Airtasker Ltd (ASX: ART) share price is falling today amid the company’s FY22 results.

Shares in the online outsourcing marketplace are currently trading at 41.5 cents, a 4.6% fall. For perspective, the S&P/ASX 200 Index (ASX: XJO) is up 0.47% at the time of writing.

Let’s take a look at what the company reported to the market today.

Airtasker results highlights

Highlights of Airtasker’s FY22 presentation include:

• Underlying pro forma EBITDA loss of $14.4 million, up from $1.1 million loss in FY21
• Underlying pro forma net loss after tax of $17.8 million, up from a $3.4 million loss in FY21
• Revenue lifted 18.4% on the previous financial year to $31.5 million
• Gross profit after paid acquisitions of $24.8 million, up from $23.2 million in FY21
• Gross marketplace volume (GMV) lifted 23.8% to $189.6 million

What else did the company report?

COVID-19 government restrictions in Australia impacted Airtasker in the first five months of the financial year.

In quarter four, revenue lifted 30.6% on the prior corresponding period (pcp) to $9 million. Management highlighted the fourth quarter is a better reflection of underlying business performance, given the lockdown in earlier months. Quarter four GMV lifted 38.3% on the pcp to $54.4 million.

Expenses were higher due to investment in “new growth markets” — the US and UK — and marketing and product investment.

On a positive note, the Australian marketplace achieved earnings before interest, tax, depreciation, and amortisation (EBITDA) of $19.4 million.

Airtasker said it has a “strong balance sheet” with $31.8 million in cash and equity receivables with no debt.

International GMV lifted 120.5% on the previous year to a monthly annualised run rate (ARR) of $9.5 million in May 22.

Airtasker completed the acquisition of Oneflare on 25 May 2022.

Management comment

Commenting on the results, Airtasker CEO and co-founder Tim Fung said:

I’d like to thank the entire Airtasker team and community for their incredible efforts in FY22, which delivered strong GMV growth up 23.8% year-on-year and a sharp acceleration in international GMV growth up more than 120% on pcp.

With $31.8m of cash and equity receivables and a business model which could accelerate in an inflationary environment – we’re looking forward to FY23.

Airtasker share price snapshot

The Airtasker share price has dropped 57% in the past year, while it has lost 50% year to date.

However, in the past month, Airtasker shares have lifted 10%.

For perspective, the benchmark ASX 200 Index has lost 7% in the past year and 6% year to date.

The post Airtasker share price slides 5% on net loss appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The PointsBet Holdings Ltd (ASX: PBH) share price is 3.6% into the green on Tuesday after the online bookmaker released a company update. The PointsBet share price is $3.295 at the time of writing.

Let’s take a look at the details.

PointsBet share price up after Kansas operations approved

PointsBet has announced that it’s got the go-ahead to start operations in Kansas in the United States.

The company said the Kansas Racing and Gaming Commission has given it provisional certification to commence sportsbook operations on 1 September.

The approval is still subject to a final launch authorisation.

Sports betting legislation in Kansas was only passed in May. It allows both online and retail betting to start with a soft launch on 1 September. The official launch is on 8 September. This coincides with the first game of the National Football League (NFL) season.

PointsBet is gaining access to the Kansas market via a ‘primary skin’ agreement with Kansas Crossing Casino. The casino and hotel are located within a four-state border area incorporating Oklahoma, Missouri, and Arkansas.

The Kansas operation will be the eleventh for PointsBet in the US. It’s already up and running in New Jersey, Iowa, Indiana, Illinois, Colorado, Michigan, West Virginia, Virginia, New York, and Pennsylvania.

What did management say?

PointsBet Group CEO and managing director Sam Swanell said:

We are excited to be launching on the starting line and having our outstanding sportsbook
product available to the people of Kansas from day one.

With NFL season kicking off on September 9 the timing is perfect to showcase our NFL in-play betting capabilities in particular.

What’s next for the PointsBet share price?

It’s been a horrible year for PointsBet with its share price down 53% year to date. But there is hope on the horizon, according to broker Bell Potter.

As my Fool colleague, James reported last week, the broker has a $5.25 price target on PointsBet shares. A price target is where a broker thinks the share price will be in 12 months’ time.

This implies a potential 60% upside for ASX investors.

The broker is retaining a speculative buy rating on the stock.

The post Why is the PointsBet share price rising on Tuesday? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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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Evolution Mining Ltd (ASX: EVN) shareholders might be wondering why the share price is losing ground today.

The gold miner posted its full-year results on 18 August, reporting a mixed performance across key financial metrics.

Subsequently, the board elected to slash its final dividend by 40% to 3 cents per share.

At the time of writing, the Evolution Mining share price is down 1.48% to $2.335 apiece. That means it has slipped by 13% since the release of the FY 2022 results.

Let’s take a look below at why its shares are falling during morning trade.

What’s weighing down Evolution Mining?

Following the release of the company’s FY 2022 results, investors are offloading Evolution Mining shares as they go ex-dividend today.

The ex-dividend date is particularly important as it determines which shareholders will receive the company’s latest dividend.

If you held Evolution shares at yesterday’s market close, you will be eligible for the fully franked final dividend.

Typically, when a company’s shares trade ex-dividend, the share price tends to fall in proportion to the dividend paid out. However, this can vary depending on how the market is tracking for the day as well as investor sentiment.

For those eligible for Evolution’s final dividend, you’ll will receive a payment on 30 September.

This brings the total dividend for FY 2022 to 6 cents per share, reflecting a 50% reduction from the 12 cents per share declared in the prior corresponding year.

The company’s dividend policy is, whenever possible, to pay a dividend based on group cash flow generated during a year. The policy is targeting a payout ratio of around 50% of cash flow per annum.

Furthermore, the dividend reinvestment plan (DRP) remains suspended with no indication from the board when it will return.

Evolution Mining share price summary

In 2022, the Evolution Mining share price has come under strong selling pressure as the price of gold continues to retreat. Its shares are down 43% year-to-date.

In comparison, the S&P/ASX 200 Resources (ASX: XJR) sector has travelled the other way, up 7% over the same period.

Based on today’s price, Evolution commands a market capitalisation of approximately $4.59 billion and has a dividend yield of 3.20%.

The post Why is the Evolution Mining share price on the rocks today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Link Administration Holdings Ltd (ASX: LNK) share price is up 0.93% in early trade.

Links shares closed yesterday at $4.32 a share and are currently trading for $4.36 each.

This comes after the company, which provides administration services to the financial services sector, released its full-year results for the 12 months ending 30 June (FY22).

Here are the highlights.

Link share price lifts on revenue growth

• Revenue of $1.18 billion, up 1.3% from FY21
• Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) of $252.3 million, down 2% from the prior year
• Statutory net loss after tax of $67.6 million, down from a $162.7 million net loss in FY21
• Operating net profit after tax and amortisation (NPATA) of $121.3 million, up 7% year on year
• Net debt of $687.9 million, and leverage ratio (net debt/EBITDA) at 2.6 times, in the middle of the guidance range of 2.0 times to 3.0 times.

What else happened during the year?

Link explained the divergence from its NPATA of $66.2 million (down 11% from the prior year) and its operating NPATA (up 7%) is because the company’s FY21 earnings have been restated as a result of revised tax accounting within PEXA.

The company also highlighted the 8.8% year on year increase in operating EBIT, to $153.9 million.

Link also reported 10% growth of its customer base, administering more than 10 million superannuation and pension accounts across Australia, New Zealand, and the UK, and connecting more than 100 million people with their assets around the world.

And its Global Transformation Program (GTP) delivered $77.9 million of gross annualised cost saving, beating the goal of $75.0 million in savings.

Perhaps the biggest news, and one likely supporting the Link share price today, came after the end of the financial year. Namely that on 22 August, shareholders voted in favour of Link’s proposed acquisition by Dye & Durham Corporation, which values Link at $4.81 per share.

What did management say?

Commenting on the results that are seeing the Link share price edging higher today, CEO Vivek Bhatia said:

Link Group has delivered on its upgraded FY 2022 guidance announced on 11 July 2022. The last two years have seen a high level of corporate activity for Link Group in addition to the global pandemic and market volatility associated with higher inflation and higher interest rates.

Despite these challenging and potentially distracting factors, it has been pleasing to see the resilience of our people and performance of our core businesses which are reflected in today’s results.

What’s next?

In FY23, Link forecasts revenue to increase “by a low single-digit percentage”.

The company is expecting an 8% to 10% lift in operating EBITDA and a 10% to 12% increase in operating EBIT.

“The operating environment remains challenging with cost pressures from higher inflation, higher interest rates, challenging employment conditions and increased market volatility,” Bhatia said. “We are confident that our businesses provide the diversity and resilience required to navigate these conditions.”

Link share price snapshot

The Link share price is down 1% over the past 12 months. That compares to a 7% full-year loss posted by the S&P/ASX 200 Index (ASX: XJO).

The post Link share price marching higher on revenue boost appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration Holdings Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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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The Healius Ltd (ASX: HLS) share price is experiencing a healthy rise this morning after the healthcare company handed in its FY22 results.

While the S&P/ASX 200 Index (ASX: XJO) has climbed 0.3% in early morning trade, the Healius share price is outperforming the market with a 1.4% gain.

Healius share price rises on healthy profit boost 

Here are some of the headline results from Healius’ full-year FY22 report:

• Revenue came in at $2.34 billion – up 23% compared to the prior corresponding period of FY21
• Underlying earnings before interest and tax (EBIT) jumped 85% to $492 million
• Underlying net profit after tax (NPAT) shot up 108% to $309 million
• A fully franked final dividend of 6 cents was declared – slightly down from the prior period but for the full year, total dividends lifted by 21%

Impressively, Healius’ underlying EBIT margins improved from 13.9% in FY21 to 21.1% in FY22.

This was underpinned by progress in the company’s sustainable improvement program, with nearly half of its phase two initiatives complete.

Even still, the company’s result on the bottom line fell short of Citi’s forecast, with analysts expecting NPAT of $316 million.

What else happened in FY22?

During the year, Healius successfully scaled its operations to satisfy an upswing in COVID-related demand.

The company conducted extensive COVID testing from July 2021 to January 2022. This contributed to a 40% rise in pathology episodes across the year.

From there, screening cooled down as the Omicron variant became endemic in the population.

Healius also provided critical non-COVID pathology testing, maintaining its market share in FY22.

Meanwhile, the company continued to deliver its imaging and day hospital services. However, throughout the year these were impacted by lockdowns, elective surgery restrictions, and COVID-related cancellations.

While Healius’ dividend increase in FY22 lagged profit growth, the company returned around $140 million to shareholders through an on-market share buyback. 

Healius also completed two acquisitions during the year. In July 2021, it purchased Axis Diagnostics, a Queensland-based imaging business with three radiology practices.

Then, in December 2021, it made a ~$300 million acquisition of Agilex Biolabs, a leading bioanalytical laboratory. At the time, the Healius share price bounced around as the reaction to the acquisition was mixed.

What did management say?

Commenting on the results, Healius CEO Dr Malcolm Parmenter said:

We have emerged from a period of intense COVID-19 screening with a strong balance sheet, higher free cash flows and good returns to our shareholders. 

We are also a far better company than we were before COVID-19 due to the actions of the Healius team.

We have a simplified portfolio, more competitive networks including a more profitable ACC footprint, broader growth options and far more firepower for delivering this growth.

What’s next?

Healius refrained from providing FY23 guidance, citing the unpredictability of COVID and the timing of the acceleration in underlying diagnostics.

Nonetheless, commenting on market conditions, Healius said it expects broad demand for non-COVID services to return. 

The company noted that the underlying drivers in both pathology and imaging remain strong. These drivers include an ageing population with greater longevity but more complex health issues.

The company is also expecting a period of catch-up for the backlog in routine care. However, the timing is uncertain while COVID remains endemic.

Healius share price snapshot

The Healius share price initially emerged as a COVID beneficiary but ran out of puff at the end of last year.

The Healius share price has suffered a 27% fall so far this year. But it’s up by the same amount since the beginning of 2020.

The post Healius share price climbs as profit doubles in FY22 appeared first on The Motley Fool Australia.

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Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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A new month is upon us, so what better time to look for new portfolio additions.

If you’re interested in exchange traded funds (ETFs), then the three listed below could be worth getting better acquainted with.

Here’s what you need to know about these ETFs:

BetaShares Global Energy Companies ETF (ASX: FUEL)

With oil prices at high levels and supply likely to remain tight for a while to come due to the blacklisting of Russian oil and potential OPEC cuts, energy producers look set to generate big profits in the near term. This could make the BetaShares Global Energy Companies ETF a great option for investors that aren’t keen on stock picking in the energy sector. That’s because this ETF provides investors with easy access to many of the largest energy producers in the world. This includes the likes of BP, Chevron, ExxonMobil, and Royal Dutch Shell.

iShares S&P 500 ETF (ASX: IVV)

If you’re looking for an easy way to diversify your portfolio in September then you might want to consider the iShares S&P 500 ETF. This popular ETF gives investors access to 500 of the top listed U.S. companies through a single investment. This means that you’ll be buying a slice of companies such as Amazon, Apple, Disney, Facebook, JP Morgan, Johnson & Johnson, Microsoft, Tesla, and Visa.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Finally, if you’re bullish on the video gaming industry then you might want to look at the VanEck Vectors Video Gaming and eSports ETF. That’s because this ETF gives investors exposure to the leading companies in the growing video game market. Among the shares included in the fund are hardware giant Nvidia and game developers Electronic Arts, Nintendo, Roblox, Take-Two, and Tencent.

The post 3 quality ETFs for ASX investors in September appeared first on The Motley Fool Australia.

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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. has positions in and has recommended BetaShares Global Energy Companies ETF – Currency Hedged. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and iShares Trust – iShares Core S&P 500 ETF. 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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