Aerospace composites manufacturer Quickstep has reported steady growth in sales for the first half of FY21 with sales up eight per cent to $41.5 million, the rise attributable to the company’s involvement in making tail sections for the F-35 Lightning jet fighter. However the rising Australian dollar hit EBITDA margin as did the end of…
Lower residential construction in Australia has seen turnover for construction materials group Adbri fall marginally in the full year to 31 December, only partially offset by increased lime sales. The company, the renamed Adelaide Brighton, reported net profit after tax of $93.7 million, up from $47.3 million in the previous corresponding period on revenue down…
ASX-listed fabric company Gale Pacific has reported improved revenues and profitability in the first half of the financial year.
Greg Whiteley ferrets out the facts about Australia’s company structure – and it turns out there are a tiny number of large businesses dominated by 99 per cent of companies with less than 200 employees. Yet the policy focus is all about big businesses. Time to change and develop policy suited to our SME business…
Cann Group’s sales pass $1 million Medicinal cannabis producer Cann Group has reported sales of $1.1 million in the first half to December 31, at the same time giving further details of a previously announced cyber attack. The company reported an operating loss of $9.4 million despite dispatching initial orders to a number of international…
Nineteen projects by Victorian local councils and alpine resort management boards have been awarded a total of $2.6 million in state funding to support infrastructure projects using recycled material. According to a statement by the state government, the projects supported under the Sustainable Infrastructure Fund would cumulatively create 388 new jobs and recycle over 2,000…
Welding technology company K-TIG has successfully developed welding procedures for high strength carbon steels in addition to its stainless steel capabilities, opening up access to a new market worth billions of dollars a year. The company, which manufactures patented, high productivity welding equipment and offers welding as a service, has proven welding of A516 Grade…
BlueScope Steel’s profits have surged in the first half of the financial year with steel volumes and spreads in its major markets at their highest level in a decade. The company reported underlying earnings before interest and tax (EBIT) up 75 per cent on the previous corresponding period to $530.6 million. Australian earnings were up…
Twiggy Forrest’s Fortescue Metals has followed through on support for new industries based on renewable hydrogen by earmarking up to $400 million dollars for investment in the sector. The iron ore miner told investors as part of its half year profit statement that 10 per cent of profits swelled by strong demand from China would…
Cell Therapies to manufacture Kymriah Melbourne contract manufacturer Cell Therapies has been given Therapeutic Goods Administration approval to manufacture Novartis’ chimeric antigen receptor T-cell at its facility at the Peter MacCallum Cancer Centre. The one-off treatment for blood cancers involves removing cells from the patient, reprogramming them and infuysing them back into the body. The…
