Food group Longtable has significantly reduced costs and improved profitability since Maggie Beer sold her eponymous food brand and joined the company as part-owner and director. Two of the company’s three brands, Saint David Dairy and Maggie Beer Products are cash flow positive and profitable with double digit EBITDA margins according to the company’s first…
The local content figure for the $80 billion Attack class submarines to be built in Adelaide appears to be settling at 60 per cent.
Graphene materials company First Graphene and boot maker Steel Blue have developed a graphene enhanced safety boot. The companies showcased the new boots, which incorporate the carbon-based nanomaterial in thermoplastic polyurethane (TPU) boot soles and foam innersoles at a presentation at the company’s commercial graphene facility at Henderson in WA. The companies have developed a…
Vitamin manufacturer Blackmores is to refocus its business and streamline product development after net profit after tax plunged by 47 per cent to $18 million in the December half year. The Sydney company announced first half revenue down five per cent on the previous corresponding period to $303 million, with Australian sales down 20 per…
Estimates widely vary of the number of jobs created by Australia’s role in making components and systems for the F-35 Lightning aircraft. While 50 companies share in $1.7 billion worth of contracts, new doubts have emerged about estimates from Defence that this was “tracking to 5,000 jobs”. The claim, made in November Senate estimates hearings,…
Mining products and services group PPK has continued its turnaround cutting its losses from $1 million the previous corresponding period to only $50,000 in the first half of the financial year. The maker of Rambor and PPK Mining Equipment boosted revenues 11 per cent to $22.05 million in the half, withd a $3 million EBITDA…
Chemicals technology group Lithium Australia has achieved further steps in the progress of gaining patent protection for its LieNA process for extracting lithium from its ores.
International steelmaker and value-added products group BlueScope steel’s profits have plunged as a hit from weaker market conditions was compounded by the effects of the coronavirus. The company, which has extensive operations in China, Asean, the United States and Australia, reported net profit after tax down 70 per cent in the first half to $185.8…
Phoslock wins Rio contract Large-scale water treatment company Phoslock has won a $2 million contract to clean up one of Rio de Janiero’s main drinking water reservoirs. The company, which does most of its business in highly-polluted Chinese waterways, will bind and remove phosphorous from the reservoir operated by utility Cia Estadual de Águas e…
It has been an unprecedented period of economic growth in Australia. Decades of continuous growth has made us little used to managing for the risks of an economic downturn or recession. But Australia’s economic good luck is running out, with the main economic indicators all running down since the global financial crisis, a salutary economic…
