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Stocks to watch at noon on Thursday

Stocks to watch at noon on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Aug 27:

ASL - AUSDRILL - up one cent, or 4.8 per cent, to 22 cents

Mining services group Ausdrill has posted a $175.6 million full year loss but believes the downturn in the resources sector may be close to its bottom.

BBG - BILLABONG - down 0.25 cents, or 0.4 per cent, to 62.75 cents

SYDNEY - Shares in Billabong have jumped five per cent in early trade after the surfwear group posted its first full year profit in four years.

BLD - BORAL - down 54.5 cents, or 8.7 per cent, to $5.735

SYDNEY - Building products maker Boral has lifted its full year profit by just under 50 per cent to $257 million.

FLT - FLIGHT CENTRE - up $4.50, or 14.0 per cent, to $36.79

SYDNEY - Travel company Flight Centre has lifted profits by nearly a quarter thanks to record global sales and strong earnings growth from its offshore business.

MYO - MYOB - up 20 cents, or 6.5 per cent, to $3.30

SYDNEY - MYOB has lifted its underlying first half profit to $19.8 million as it enjoyed a surge in demand for its cloud accounting software.

NEC - NINE ENTERTAINMENT - up 2.5 cents, or 1.73 per cent, to $1.475

SYDNEY - Nine Entertainment has reported a full year loss of $592.1 million largely due to massive writedowns, and has forecast a fall in its share of market revenue.

RHC - RAMSAY HEALTH CARE - up $2.91, or 4.8 per cent, to $63.25

SYDNEY - Australia's largest private hospital operator Ramsay Health Care has flagged solid earnings growth for the year ahead after lifting its full year profit 27 per cent.

RFG - RETAIL FOOD GROUP - up 65 cents, or 13.5 per cent, to $5.45

SYDNEY - The company behind Donut King, Gloria Jean's cafes and Brumby's bakeries, has lifted its underlying annual profit by nearly 50 per cent and expects further growth in the year ahead.

SXL - SOUTHERN CROSS AUSTEREO - up 1.5 cents, 0r 1.6 per cent, to 93 cents

SYDNEY - Southern Cross Austereo has posted a another heavy loss following writedowns to its radio and regional TV businesses.

TSE - TRANSFIELD - up 5.5 cents, or 5.5 per cent, to $1.06

Detention centre operator and infrastructure firm Transfield Services has reported an 11.6 per cent drop in full year profit due to one-off costs.