Australia’s largest company by market capitalisation, biotechnology manufacturer CSL has powered ahead in the first half of the financial year reporting a net profit after tax up 44 per cent on the previous corresponding period. The company, which is in the final stages of manufacturing the AstraZeneca Covid-19 vaccine, reported a NPAT of $1.8 billion…
Noxopharm’s loss on R&D activities Clinical stage drug development company Noxopharm has reported a loss of $6.7 million before tax for the first half of the financial year. The company, which is commercialising its drug Veyonda (pictured) for the treatment of advanced prostate cancer, spent $3 million on R&D and received a R&D tax refund…
Farm sensor manufacturer Goanna Ag and IoT nanosatellite operator Myriota have combined to launch two innovative products to help farmers manage water resources, Go Rain and GoTank. GoRain allows farmers to monitor rainfall at remote locations, providing information on rainfall variability that enables data driven decision-making. GoTank updates livestock farmers via the industrial IoT on…
Technology commercialisation business and mining equipment manufacturer PPK Group has suffered a drop in profit as the company continues to aggressively expand its portfolio of businesses. The company reported today earnings before interest tax amortisation and depreciation of $924,000 in the first half year, down from a profit of $3.1 million. Total revenues were hit…
Treasury Wine Estates, the maker of Penfolds wines, today reported earnings before interest and taxes (EBITS) down 23 per cent in the first half year to $284 million as it was hit by China’s punishing tariffs against Australian products. The slump, which was widely expected, was driven by the company’s exit from the premium China…
Glen Dimplex Australia has acquired a majority stake in Dandenong South-based Thermofilm.
Environex has been awarded a $1.3 million grant under the Queensland government’s Resource Recovery Industry Development Program, which will contribute to a new recycling facility at Toowoomba’s Wellcamp Airport.
Global latex and protective glove manufacturer Ansell has reported a massive sales boost from the Covid-19 pandemic. The Melbourne company reported sales for the first half year up 24.5 per cent to $1.2 billion (US$937.8 million) driven by rising healthcare and industrial sales. Healthcare sales were up 37 per cent on the previous corresponding period…
Low-price domestic hydrogen electrolyser and storage system manufacturer Lavo has committed to building a new factory in Queensland reported to cost $20 million. The company and its JV partner Nedstack said in a statement they would develop a fuel cell and LAVO unit (pictured) manufacturing facility in Springfield City, a private sector CBD development near…
IIot communications services provider Fleet Space Technologies will launch its fifth nanosatellite, Centauri 3 in March aboard Rocket Lab’s They Go Up So Fast mission. The locally manufactured Commercial Nanosatellite will head for Low Earth Orbit (LEO) at 550 km from Launch Complex 1 on New Zealand’s Māhia Peninsula. Centauri 3 is part of the…
