BRISBANE BUSINESS NEWS UNCOVERS THE TOP 50 LISTED COMPANIES 2015: 11-20Written on the 10 April 2015 by Laura Daquino, Nick Nichols, Jenna Rathbone, Karen Rickert & Antony Scholefield ![]()
Brisbane Business News uncovers the city's leading companies and the stories behind their success.
11. CROMWELL PROPERTY GROUP (CMW)
In HY15 it took advantage of a rising property market by selling 321 Exhibition Street in Melbourne for $207 million, using $117 million to pay down debt and holding the remainder in cash. As of December 2014, the group's portfolio was worth $2 billion, with 95 per cent of properties leased. The portfolio's value grew by $28 million over HY15, although net earnings fell by $104 million. The weighted average lease term was 5.9 years. The group retains eight properties in Queensland, including HQ North Tower, Energex House, 200 Mary Street, Synergy Building, Health and Forestry House, and Terrace Office Park. Read More
12. VIRGIN AUSTRALIA HOLDINGS (VAH)
This result represents a $47.6 million improvement on the prior corresponding period, with the company believing the benefits from falling oil prices will continue to assist with further growth during the second half of the year. VAH also reported an increase in domestic capacity of 1.4 per cent from the previous year, while the percentage of seats filled in the domestic market fell by 0.4 percentage points to 78.1 per cent in the second quarter. Read More
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