PRE-MARKET AUSTRALIAN NEWS:

Bluescope Steel (BSL AU) – FY 2017 net profit after tax up 102% to AUD 715.9mln. FY 20177 revenue from cont ops up 17% to AUD 10.63bln. Co. is to undertake a further on-market share buyback of up to AUD 150mln during H1. (Newswires)

Yancoal (YAL AU) – HY revenue from ordinary activities up 79% to AUD 832.3mln. Co. directors do not recommend that a dividend be paid. (Newswires)

Link Group (LNK AU) – Co.’s FY profit up over 50% to AUD 84.6mln. (Newswires)

Primary Health Care (PRY AU) – Co. reported FY loss of AUD 517mln, due to a AUD 587mln write down of the value of tis medical centres business. (Newswires)

Brambles Limited 9BXB AU) – Co. reports FY 2017 net AUD 182.9mln and FY 2017 operating profit of AUD 771.4mln. (Newswires)

Michale Hill (MHJ AU) – FY 2017 revenue +5.8% to AUD 582.98mln. FY EBIT up 23% to AUD 48.12mln. (Newswires)

GWA Group (GWA AU) – Co. reports FY 17 net profit of AUD 53.7mln. (Newswires)

Goodman Group (GMG AU) – Co. reports FY 2017 revenue down to AUD 2.55bln from AUD 2.94bln previously. FY net AUD 778.1mln from AUD 1.27bln previously. (Newswires)

APN Outdoor Group (APO AU) – Co. reports H1 net AUD 15.8mln. (Newswires)

Growthpoint Properties (GOZ AU) – Co. reports FY 2017 net AUD 278.1mln

Westpac Banking (WBC AU) – Q3 common equity tier 1 capital ratio unchanged at 10%. (Newswires)

Fortescue Metals (FMG AU) FY 2017 net profit AUD 2.09bln vs. Exp. AUD 2.3bln. Co. reports dividend of AUD 0.25/share. FY 2017 revenue up 19% to 8.4bln. (Newswires)

Caltex (CTX AU) – Co.’s chairman has retired from the board. (Newswires)

Vocus Group (VOC AU) – Co. has ended takeover talks with KKR. Co. guides FY 2018 revenue of between AUD 1.9bln and AUD 2.0bln. (Newswires)

Beach Energy (BPT AU) – FY 2017 underlying profit was AUD 161.7mln. (Newswires)

Metals prices: Aluminium and copper ended the week near multi-year highs and nickel touched its highest level since March after a wave of speculative buying underpinned by expectations of strong demand in China. Benchmark zinc on the London Metal Exchange closed up 2 per cent at $US3124 a tonne after hitting a 10-year high of $US3150

20 Aug 2017 - 23:25- Metals- Source: RANsquawk

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