PRE-MARKET AUSTRALIAN STOCKS NEWS: Coles (COL AT) H1 (AUD) net fell 11% Y/Y to 511mln, underlying net rose 13% Y/Y to 676mln, EBIT fell 7.9% Y/Y to 996mln, rev. rose 2.5% Y/Y to 23.69bln

Bubs Australia (BUB AT) – Co. H1 (AUD) net fell 50% Y/Y to 1.8mln, rev. rose 14% Y/Y to 55.5mln, no interim dividend. (Dow Jones Newsplus)Coles (COL AT) – Co. H1 (AUD) net fell 11% Y/Y to 511mln, underlying net rose 13% Y/Y to 676mln, EBIT fell 7.9% Y/Y to 996mln, rev. rose 2.5% Y/Y to 23.69bln, interim dividend 0.41/shr. (Dow Jones Newsplus)Harvey Norman (HVN AT) – Co. H1 (AUD) net rose 15.2% Y/Y to 321.9mln, rev. rose 6.9% Y/Y to 5.16bln. (Dow Jones Newsplus)TPG Telecom (TPG AT) – Co. FY (AUD) net swung to 461mln (prev. loss 107mln Y/Y), rev. rose 2.8% Y/Y to 5.04bln. (Dow Jones Newsplus)Virgin Australia (VAH AT) – Co. H1 (AUD) net fell 28% Y/Y to 341.1mln, rev. rose 9.3% Y/Y to 3.32bln, underlying EBIT rose 12% Y/Y to 490.4mln, no interim dividend. (Dow Jones Newsplus)Property – Treasury examines potential Labor plan to slash negative gearing benefits despite warnings it may reduce rental property availability. (The Australian)