Company Interview / Market Update | Pro Medicus, IAG, Treasury Wine Estates, South32, Origin Energy

Key points:

IAG profit climbs over 90%, but share price dipsSouth32 benefits from strong commodity pricesOrigin Energy maintains profit amidst sector pressures

IAG reports a surge in first half profit by over 90% to $778 million, thanks to favourable weather and a $200 million release from its Covid provision. Despite an interim dividend of $0.12 per share, shares drop 8%.

South32 sees a first half profit spike of nearly 600% to $360 million due to strong commodity prices and higher output. A fully franked dividend of 3.4 US cents per share is set for payout.

Origin Energy’s statutory profit reaches over $1 billion, with dividends raised to $0.30 per share. Despite pressure from lower wholesale costs, the company maintains its cost-cutting agenda.