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…
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…
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…
The transformation of the national electricity market has “progressed at a remarkable pace and scale” over the last year as it moves towards renewables, but security is a critical issue, according to the Energy Security Board.
Fibre-strengthened materials are not easy to recycle, but should this even be the goal? Brent Balinski spoke to Dr Anastassija (Stacey) Konash from Swinburne University’s Factory of the Future.
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…
A new Australian Stock Exchange index goes live today representing an all inclusive view of Australia’s technology companies – yet it fails to include any manufacturers.
Gas technology group Australian Gas Networks has been awarded $1.3 million from the Australian Renewable Energy Agency to study the feasibility of injecting renewable hydrogen into domestic gas supplies in Victoria and South Australia. With state government support the company will spend a total of $4.15 million studying the feasibility of injecting up to 10…
Financial results from building giant, Boral point to an Australian economy that was already slowing rapidly last year only to be further hit by bushfires, extreme weather and major project delays. The company’s earnings before interest, tax and amortisation was down 18 per cent in the first half of the financial year on revenue up…
