Lynas Corporation profit hit Rare earths producer Lynas Corporation experienced a 13 per cent profit slump in the first half to an EBITDA of $44.2 million on revenues of $180 million. The company’s licence had been under threat in Malaysia, leading Lynas to re-shore some processing to its Mt Weld, Western Australian processing site. Orica…
The time is ripe for electronic product manufacturers in Australia to bring manufacturing back home, according to the Circuitwise General Manager Serena Ross. With the Covid-19 coronavirus causing massive disruption to the electronics manufacturing base in China, Ross says product developers should take a closer look at the business case for manufacturing in Australia. “We…
The federal government is supporting extending the international reach of the Australian Made logo with a $5 million grant. Industry minister Karen Andrews said today the gold kangaroo on a green triangle was an instantly recognised and trusted symbol of quality. She said: “The Australian Made logo is used by more than 2,800 businesses, is…
Structural, armour and wear-resistant steel manufacturer Bisalloy increased market share and margin per tonne sold in the Australian market in the first half of the 2019 financial year. The Unanderra, NSW company today reported EBIT for the half of $4.7 million on revenue up 12.7 per cent over the previous corresponding period to $56.4 million.…
Defence, communications and space technology group Electro Optic Systems is experiencing boom conditions sending sales and profits sky high. During the December half year EBIT soared 194 per cent to $21.7 million on revenue up 91 per cent to $166 million, according to announcements today. The company ended 2019 with a backlog of $620 million,…
A slowdown in the market and delays in the approval of infrastructure projects has hit traffic light, electronic road signage and road lighting group Traffic Technologies. EBIT for the Melbourne company plunged to $500,000 for the half year to December, down from $2.5 million the year before. This was struck on revenue down from $25…
The Clean Energy Council has called on the federal government to secure continued funding for the Australian Renewable Energy Agency in the next federal budget. The agency’s funding is expected to be exhausted by the end of 2020, before its scheduled wind-up in 2022. Clean Energy Council Chief Executive Kane Thornton said ARENA had played…
Quickstep Holdings has cemented its position as the country’s leading composites manufacturer with a first half net profit of $1.5 million, a $600,000 improvement on the previous corresponding period. The company reported sales of its aviation and aerospace components up 16 per cent in the half to $27.9 million. Revenues for components for the F-35…
Diversified animal nutrition business Ridley Corporation was hit by drought conditions across eastern Australia during 2019 but reported steady earnings after a recovery late in the year. The company reported an operating EBITDA of $30.7 million for the first half of the year after providing $7.2 million for the closure of a feed mill at…
Australasian dairy powerhouse a2 Milk continued its rapid growth in the first half of the year, boosting revenues and profits and accessing an increasingly global marketplace. The company booked an EBITDA up 20.5 per cent to NZ$263.2 million on total revenue up 31.6 per cent to $806.7 million. Net profit after tax was $184.9 million.…