Since April 2011 Newcrest Mining (NCM) shareholders have been punished with a falling share price that has declined from more than $42.50 to $9.30. NCM released its full year results on 12 August. Revenues decreased 15% and the company reported Net Profit After Taxes of $5.78 billion. These poor results and less than impressive business performance resulted in NCM’s Skaffold’s Score falling from B3 to C4. A company rated C4 is not considered investment grade by Skaffold.
Financial results for Cochlear (COH), JB Hi-Fi (JBH), Tabcorp (TAH) and Coffey International (COF) are now available in Skaffold.