The $S&P/ASX 200 (.XJO.AU)$ is continuing its winning run and pushing higher on Tuesday. In afternoon trade, the benchmark index is up 0.2% to 7,994.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
$Ansell Ltd (ANN.AU)$
The Ansell share price is up 7% to $29.30. This follows the release of the health and safety products company's full year results. Ansell reported a 2.4% decline in sales to US$1.62 billion and a 5.2% decline in earnings before interest and tax to US$196 million. While not great, management's guidance for FY 2025 has offset this. It is expecting earnings growth in the new financial year and is forecasting earnings per share of US$1.07 to US$1.27. This will be up from US$1.055 in FY 2024.
$ARB Corp Ltd (ARB.AU)$
The ARB share price is up over 6% to $42.78. This morning, this 4×4 parts manufacturer released its full year results and reported a 3.3% increase in sales to $693.15 million and an 18.1% jump in profit after tax to $104.1 million. This allowed ARB to increase its dividend by 11.3% to 69 cents per share. Commenting on its outlook, management said: "The Company's outlook remains positive with ongoing healthy demand for ARB's products, a consistently strong order book, retail store development and expansion, stabilised new vehicle supply around the world, healthy gross profits despite high inflation and new products recently and soon to be released to market."
$Judo Capital Holdings Ltd (JDO.AU)$
The Judo Capital share price is up 12% to $1.55. Investors have been buying this small business lender's shares following the release of its FY 2024 results. Judo reported a 20% increase in gross loans and advances (GLA) to $10.7 billion. This underpinned a 2% increase in underlying profit before tax to $110.1 million. But what is likely to be getting investors particularly excited is the company's guidance for FY 2025. It is targeting 15% growth in profit before tax.
$Monadelphous Group Ltd (MND.AU)$
The Monadelphous share price is up 10.5% to $13.06. This follows the release of the engineering company's full year results this morning. Monadelphous reported an 11% increase in revenue to $2.03 billion and a 16.2% lift in net profit after tax to $62.2 million. This allowed the company's board to increase its dividend by 18.4% to 58 cents per share. Managing Director Zoran Bebic spoke positively about the future. He said: "Prospects remain positive in resources and energy, with Australian iron ore miners anticipated to continue investing, several new gas construction projects progressing, decarbonisation projects making up an increasing share of capital expenditure forecasts and the pipeline of renewal energy opportunities expanding."
