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Australian companies are reporting mixed results this earnings season, with some exceeding expectations like CBA and Suncorp, while others, such as AGL, have fallen short. CBA’s strong profit and Suncorp’s boosted earnings from lower natural hazards led to positive investor reactions, while Evolution Mining saw significant profit growth in the gold sector. Next week promises a busy earnings calendar with major companies like BHP and Rio Tinto reporting.
In this week’s wrap, Grady covers: