Australia's richest person, Gina Rinehart, became a substantial shareholder of Southern Cross Media (ASX:SXL) and now holds a 9.15% voting power, according to a Wednesday filing with the Australian bourse.
The billionaire mining magnate and related entities now have total ownership of 43.8 million shares in the media conglomerate.
Macmahon's (ASX:MAH) Macmahon Underground subsidiary secured a 12‑month contract extension with a Black Cat Syndicate (ASX:BC8) unit for underground mining services at the Majestic Mine in Western Australia, according to a Wednesday filing with the Australian bourse.
Nufarm (ASX:NUF) reported Wednesday fiscal first-half earnings of AU$0.108 per share excluding material items, up from AU$0.071 a year earlier.Analysts polled by FactSet expected earnings of AU$0.10.Revenue for the six months ended March 31 was AU$1.71 billion, compared with AU$1.81 billion a year earlier. Analysts surveyed by FactSet expected AU$1.84 billion.
KMD Brands (ASX:KMD) reported a 5.2% jump in third-quarter sales, helped by strength in its flagship Kathmandu segment, even as its footwear business Oboz saw a decline amid geopolitical and market tensions, according to a Wednesday filing with the Australian bourse.The sports company saw a 12% rise in its outdoor clothing brand Kathmandu in the three months ended April 26, despite a net reduction of seven stores year-on-year, as demand grew for its improved product lines in Australia and New Zealand.Meanwhile, Oboz had nearly a 9% decline in the quarter, held back by shipment timing. Sales are expected to return to growth in the fourth quarter on the back of new product launches and online growth.The company is on track to deliver NZ$27.5 million in cost savings in fiscal 2026. However, volatility in global currencies is set to impact its underlying operating expenses, it added.Its board is also conducting a business review to improve shareholder returns. The review, expected to complete on or before its annual results in September, will assess its capital structure, portfolio mix and other value-creation opportunities.