Real Estate stocks rose 1.4% at midday Monday, after the Australian share market began the week in positive territory, buoyed by a rally in US stocks on Friday.
Pexa Group's (ASX:PXA) fiscal first-half adjusted net profit after tax exceeded expectations with an overall "robust" revenue, according to a Feb. 28 note by Jarden Research. The company reported Friday that its loss per diluted share in the fiscal first half widened to AU$0.1844 from AU$0.0262 a year earlier and reported a revenue of AU$202.5 million, up from AU$161.8 million last year.
On the flip side, the utilities sector struggled, falling 0.4%.
Kalina Power (ASX:KPO) conducted a placement to professional and institutional investors, receiving commitments for AU$1.5 million. It also resolved to undertake a pro-rata non-renounceable entitlement offer to all eligible shareholders.
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