The Australian share market has again hit fresh record highs with the benchmark S&P/ASX200 climbing by 25 per cent during the past year. But a series of companies have outperformed a booming share market, that is thriving despite Sydney, Melbourne, Newcastle and now Canberra, being placed into a strict lockdown. While buy now, pay later success Afterpay has been the market darling, some more traditional companies outside the tech space have done well out of lockdown, thanks to government stimulus measures. Home building companies and banks have thrived because of Australia's never-ending cycle of lockdowns. Mirvac's statutory profit surged 61 per cent to $901million in the year to June 30, its annual report revealed on Thursday.

Source: The Nation August 13, 2021 03:56 UTC