Sydney, Aug 22, 2007 (ABN Newswire) - It was a case of deja vu on the stock market today, shares reversing earlier losses to finish the day in positive territory. The market was boosted by a series of firm company earnings announcements throughout the morning and this afternoon.

The S&P/ASX 200 Index closed up 16 points to 6005, and on the futures market the SPI 200 gained 52 points.

Turning to company news now, announcing its annual earnings today, Toll Holdings has signalled a very strong outlook for this financial year. The transport and logistics company posted earnings of $1.279 billion. On a continuing operations basis, the company's profit rose 61 per cent to $264 million. Managing director Paul Little says the company has made significant progress in developing its Asian operations, with a sound technology platform established to support further growth. Also announced today was the retirement of chairman John Moule who's been with the company for 10 years. Shares in Toll Holdings closed 0.67% higher at $13.60

The full report is available at the following video and audio links.

Video Link

http://abnnewswire.net/fnnlnk/2FUZK8ZT


Audio Link

http://abnnewswire.net/lnk/TV1EVL6E

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