Billionaire Chris Ellison added to his fortune as Mineral Resources shares hit a record high, while the ASX posted 10 sessions of gains to eye a record high.
CEO John King said August-December sales jumped 24.8 per cent from the year-earlier period, and were the best for that period since 2004 measured against comparable years.
Myer’s strong day spilled across the discretionary retail sector, with kitchen appliance business Breville jumping 7.5 per cent and apparel retailer Premier Investments lifting 3.6 per cent. “We were able to deliver both growth and profitability, and profitability in the US for the first time, which was an outstanding result,” said Zip co-founder Peter Gray.
Zip crashed 15.6 per cent after rallying 22.8 per cent the day earlier in anticipation of a better result. Sezzle lost 8.7 per cent after soaring 37.6 per cent a day earlier on its better-than-expected, December-quarter result.
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