Ask Colin

What are the dates for the end of the ASX reporting seasons?

From 2004, companies will be required to report their earnings etc within 2 months of the end of the half year and of the full year.

What this means for companies that have a 1 July to 30 June financial year, is that they have to report their half year results by the end of February and their full year results by the end of August.

To calculate the exact date, you find the last working day when the end of the month is a weekend - ie the Friday.

The ASX listing rules have recently changed in this regard. Until 2004, companies reporting their full year results in 2003 still have 75 days to do so. Therefore for companies reporting full year earnings for the year to 30 June 2003 have to do so by 12 September 2003.

What this means, if you want to run fundamental scans at the end of the reporting seasons, is to do so as soon as your source has updated their data base after the end of February and the end of August, except 2003 when it will be 12 September instead of the end of August.

Your source will determine when you run the scan. It seems to take the AFR about a week at busy times for all the results to be updated. Other data sources may take more or less time and you will need to ask your source how far they lag behind the announcements.