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Flight Centre plunges into the red, Woolworths profit falls, Afterpay halves loss – ABC News

The ASX pushes higher after overseas markets rise. Reporting season continues with Flight Centre posting a $662 million loss, Afterpay halving its annual loss, while Woolworths’ profit falls as coronavirus restrictions force pubs and clubs to close.

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The Australian share market has made gains as reporting season continued, with Flight Centre plunging to a loss as the coronavirus pandemic hits the travel sector.
Key points:

  • Reporting season continues with Flight Centre plunging to a $662 million loss
  • Woolworths saw profit fall as the closure of its hotels and pubs due to COVID-19 restrictions offset a rise in supermarket sales
  • Afterpay posted an annual loss of $19.8 million but more than doubled the number of custome…

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