Vitamin producer Blackmores has seen group revenue rise 12.8 percent in Fy22 to reach $649.5 million with growth across the company’s three major brands. This delivered a rise in underlying operating EBIT profit of 19 percent to $56.6 million, with margins expanding 1.1 points to 53.4 percent. CEO Alastair Symington said the company had delivered…
Animal feed manufacturer Ridley Corporation has reported strong performance in FY22 as it emerged from the rationalisation of its Australian production sites and benefitted from its growth strategy and focus on efficiency. The company reported operating profit from ongoing operations up 16 percent to $80 million on revenue up 13 percent to $1.05 billion, navigating…
Premium and luxury wine manufacturer Treasury Wine Estates has returned to a pattern of improving margins and earnings growth as it emerges from a reorganisation following Australian wine’s sudden exclusion from the China market. Announcing FY22 results that saw profit rise on a slight fall in sales, TWE CEO Tim Ford said relentless execution of…
Provaris Energy has completed a feasibility study for the proposed HyEnergy Project for the export of 200,000 tonnes per annum of green hydrogen from the Gascoyne region of Western Australia with a focus on delivery to Singapore. The HyEnergy Project partners Province Resources and Total Eren as well as the WA government have been told…
Perth international shipbuilder Austal has upgraded its profit expectations following the receipt of a massive $4.35 billion contract for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC, pictured) for the United States Coast Guard (USCG). The first vessel has been contracted to the US Coast Guard with options for a…
US government approval of a US$700 million package to develop uranium fuels needed for small modular reactors (SMRs) has landed Australian laser enrichment technology company Silex Systems with renewed opportunities. The government’s funding to support its high assay low enriched uranium (HALEU) availability program over the next four years aim to develop fuels for the…
Nuclear diagnostic lung imaging company Cyclopharm has announced record group revenue for the latest half year of $11.4 million, up 35 percent on the previous corresponding period. The company, which sells medical devices and pharmaceutical products under the name of Technegas, saw Technegas generator sales rise 32 percent to $1.65 million and sales from patient…
Ballistic armour manufacturer XTEK has announced another sale of ballistic armour and helmets – this time to a US government agency. The company’s HighCom Armor Solutions Inc. business, received the order valued at $2.7 million for thousands of items of specialist body armour and ballistic helmet equipment. The company expects the order to be quickly…
Chemicals and explosives group Orica has stepped up its commitment to achieving net zero emissions by 2050 by announcing new interim reduction targets. The company announced it will source 100 per cent renewable electricity by 2040, with an interim step of 60 per cent by 2030. Orica has a target to reduce scope 1 and…
Railcar manufacturing has returned to Perth, Western Australia after a 30 year absence. The government Metronet rail expansions brought the opportunity to return manufacturing, with the first full six-car C-series train built in WA having completed high voltage testing. The train set will move out of the newly built Bellevue facility in the next month…