Stocks to watch on the Australian stock exchange on Monday, Feb 24:
APN - APN NEWS AND MEDIA - up 13.9 cents, or 33.7 per cent, at 55 cents
APN News & Media shares have jumped after trading resumed following a $112 million capital raising to take full control of its radio businesses.
BBG - BILLABONG - in a trading halt, last traded at 74 cents
Troubled surfwear icon Billabong has posted another loss after being weighed down by restructuring costs and further weakness from its international operations.
CWN - CROWN RESORTS - down 55 cents, or 3.2 per cent, at $16.68
James Packer's casino operator Crown has lifted its first half profit almost 30 per cent thanks to a strong performance from its Macau business.
IAG - INSURANCE AUSTRALIA GROUP - up three cents, or 0.5 per cent, at $5.55
Insurance Australia Group has lifted its first half profit almost by 40 per cent despite a decline in its margins due to higher than expected claims.
ILU - ILUKA RESOURCES - up 15 cents, or 1.6 per cent, at $9.37
Iluka Resources predicts demand for its products will recover over the next two years, after weaker prices caused a 95 per cent drop in its full year profit.
NAB - NATIONAL AUSTRALIA BANK - down 62 cents, or 1.8 per cent, at $34.54
National Australia Bank has grown its cash profit in the first quarter by seven per cent to $1.55 billion.
OGC - OCEANAGOLD - up eight cents, or 3.2 per cent, at $2.62
Melbourne-based OceanaGold Corp has reported an annual net loss of $US47.9 million ($A53.26 million), as the company writes down its New Zealand assets in the face of a declining gold price, offsetting a 44 per cent gain in revenue.
STO - SANTOS - down 68 cents, or 4.8 per cent, at $13.59
Oil and gas producer Santos has announced a net profit of $516 million in line with last year's result as record sales revenue was offset by lower interest income and higher exploration costs.
