GOLD COAST TOP COMPANIES 2011

Written on the 10 March 2011

GOLD COAST TOP COMPANIES 2011

IN the third annual Gold Coast Top Companies edition we delve into the corporate psyche of the city’s big companies, from those listed on the ASX to the large private players.

There has been plenty of sparks, losses, profits, winners and losers in the last FY – as you would expect in a dynamic coastal city of more than 520,000 people. 2010 proved punishing for publicly listed Gold Coast corporations with $3.68 billion wiped off the market cap – or 13 per cent.

The Gold Coast’s most dominate organisation Billabong reported a profit decrease of 18 per cent, but still recorded NPAT of $57.2 million in a year when it shopped heavily for retail acquisitions. While the top three companies remained unchanged from last year with copper miner CuDeco at No.2 with $472.9m market cap and Retail Food Group ($299.4m) – others were not so lucky.

It’s pertinent to remember that the Gold Coast economy has not been built on public listings and in this issue we also unveil a plethora of powerhouse private entities that have soared through challenging conditions.

Get your copy of Gold Coast Business News annual Top Companies edition and be inspired by the success stories that lie within the pages - available now in more than 450 Gold Coast newsagents.


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