Materials technology company Silex Systems recorded a $5.3 million loss in the first half of the year as it continued development of two major new technologies. The company recorded revenues of $262,573 but is in a strong financial position, with total assets of $32.9 million including 22.4 million in term deposits. During the half the…
Mining equipment manufacturer Austin Engineering has declared its first dividend in six years as mining customers returned to purchasing its world-leading range of ore dump truck bodies. The company manufactures surface and underground dump truck bodies, buckets, water tanks, tyre handlers, engineering solutions and other ancillary equipment used in the mining industry. While Austin reported…
Lynas Corporation profit hit Rare earths producer Lynas Corporation experienced a 13 per cent profit slump in the first half to an EBITDA of $44.2 million on revenues of $180 million. The company’s licence had been under threat in Malaysia, leading Lynas to re-shore some processing to its Mt Weld, Western Australian processing site. Orica…
The time is ripe for electronic product manufacturers in Australia to bring manufacturing back home, according to the Circuitwise General Manager Serena Ross. With the Covid-19 coronavirus causing massive disruption to the electronics manufacturing base in China, Ross says product developers should take a closer look at the business case for manufacturing in Australia. “We…
The federal government is supporting extending the international reach of the Australian Made logo with a $5 million grant. Industry minister Karen Andrews said today the gold kangaroo on a green triangle was an instantly recognised and trusted symbol of quality. She said: “The Australian Made logo is used by more than 2,800 businesses, is…
Structural, armour and wear-resistant steel manufacturer Bisalloy increased market share and margin per tonne sold in the Australian market in the first half of the 2019 financial year. The Unanderra, NSW company today reported EBIT for the half of $4.7 million on revenue up 12.7 per cent over the previous corresponding period to $56.4 million.…
Defence, communications and space technology group Electro Optic Systems is experiencing boom conditions sending sales and profits sky high. During the December half year EBIT soared 194 per cent to $21.7 million on revenue up 91 per cent to $166 million, according to announcements today. The company ended 2019 with a backlog of $620 million,…
A slowdown in the market and delays in the approval of infrastructure projects has hit traffic light, electronic road signage and road lighting group Traffic Technologies. EBIT for the Melbourne company plunged to $500,000 for the half year to December, down from $2.5 million the year before. This was struck on revenue down from $25…
The Clean Energy Council has called on the federal government to secure continued funding for the Australian Renewable Energy Agency in the next federal budget. The agency’s funding is expected to be exhausted by the end of 2020, before its scheduled wind-up in 2022. Clean Energy Council Chief Executive Kane Thornton said ARENA had played…
Quickstep Holdings has cemented its position as the country’s leading composites manufacturer with a first half net profit of $1.5 million, a $600,000 improvement on the previous corresponding period. The company reported sales of its aviation and aerospace components up 16 per cent in the half to $27.9 million. Revenues for components for the F-35…
