Stocks to watch

Stocks to watch on the Australian stock exchange:

EVN - EVOLUTION MINING - up 6 cents, or 2.2 per cent, at $2.85

The gold miner's first-half profit slid 10 per cent to $122.5 million but the company boosted its dividend.

GNC - GRAINCORP - up 30 cents, or 4.1 per cent, at $7.64

The grains marketer expects sharply lower underlying earnings in fiscal 2018 due to prolonged dry weather cutting eastern Australia's harvest volumes.

MEA - MCGRATH - in a trading halt at 42.5 cents

The embattled real estate group requested a halt pending an announcement related to allegations in the media about founder John McGrath.

ORG - ORIGIN ENERGY - up 57 cents, or 6.9 per cent, at $8.88

Origin Energy posted a $207 million half-year loss due to impairments but flagged an improvement in earnings in its electricity generation and retail business.

S32 - SOUTH32 - down 20 cents, or 5.4 per cent, at $3.50

South32 more than doubled its half year payout to shareholders, overshadowing a softer outlook for the diversified miner.

SHL - SONIC HEALTHCARE - down 44 cents, or 1.8 per cent, at $23.77

Sonic Healthcare's first-half profit grew 16 per cent to $228.6 million as the pathology and radiology services group achieved revenue growth in each of its global operations.

SUN - SUNCORP - down 32 cents, or 2.4 per cent, at $13.00

Suncorp shares hit a five month low after its first-half profit fell 16 per cent to $452 million, with investors seemingly underwhelmed by the insurance giant's rosy outlook.

TLS - TELSTRA - up 2 cents, or 0.6 per cent, at $3.45

The national broadband network is beginning to cut deeper into Telstra's earnings but the telco is showing signs of resilience by boosting subscriber numbers and reducing costs.

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