Gaming company Aristocrat Leisure has reported strong revenue and profit growth in the year to 30 September 2022 as its poker machine and online gaming businesses continue to recover from the Covid pandemic. The Sydney company reported operating profit up 20 percent on the previous corresponding period of $1.86 billion on revenue up 17.7 percent…
Medical technology company Nova Eye Medical has seen sales including its new iTrack Advance glaucoma surgical device product of $5.7 million in the four months to 31 October, materially exceeding its forecast of $5.1 million. Launched in Europe and Canada in June, the iTrack Advance is a consumable device with an illuminated fibre optic tip…
A new report launched by the Gladstone Regional Council on Wednesday cites the role that strengthening its “manufacturing powerhouse” will play in moving its economy moves away from fossil fuels. Gladstone Region Economic Transition Roadmap 2022-2032 was prepared with consultancy The Next Economy, gathered input from 220 local stakeholders over two years, and was supported…
By Peter Martin, Crawford School of Public Policy, Australian National University Treasurer Jim Chalmers says he’ll have a system in place to deal with rising energy prices by Christmas. He can’t yet tell us what it will be, because that will depend on the outcome of negotiations with gas and electricity companies, and possibly on…
Today in Australia’s place in the semiconductor world, we hear from Dr Jane Fitzpatrick of series sponsor ANFF. Here she writes of the importance of Australia’s R&D community to commercial activity in semiconductors, a topic we are sure to return to in future articles. There’s no argument that to help key domestic industries like defence,…
Industry minister Ed Husic has given more details of the operations of the government’s proposed National Reconstruction Fund and the reasons behind the fund which the government took to the recent federal election. Speaking at the UBS Australasia conference, Husic said the pandemic exposed serious deficiencies in Australia’s economy, bringing to light the fact that…
Quickstep business update shows strong recovery from FY22 Advanced composites manufacturer Quickstep has updated its business outlook and for the first time talked on expansion plans in the United States. The Sydney company told investors it expected FY23 revenue to be $100 million, up 15 per cent on the previous year – 94 percent of…
Australia’s first renewable hydrogen microgrid has been launched in Denham, Western Australia where it will produce renewable energy that could power 100 households, or 20 per cent of Denham’s residents and businesses. Delivered by Horizon Power and Hybrid Systems Australia, the project is expected to offset 140,000 litres of diesel fuel each year, and is…
Fertiliser and explosives group Incitec Pivot is weighing up the sale of its Waggaman, Louisana ammonia plant which has experienced a litany of breakdowns and outages caused by bad weather. The Melbourne company told investors it had received a number of unsolicited approaches for the potential acquisition of the $850 million plant which it took…
