Cochlear recovers as hospital surgeries resume

Hearing implant manufacturer Cochlear is recovering from the effects of the Covid-19 pandemic which interrupted surgical procedures, reporting today half-year earnings before interest and tax (EBIT) down only four per cent on the previous corresponding period. The Sydney company reported EBIT of $175.6 million with 17,377 implant units sold in the half compared to 18,894…

Goanna Ag and Myriota combine for farm sensor solutions

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…

PPK Group looks to divest mining equipment business, focus on technology

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…