BRISBANE BUSINESS NEWS UNCOVERS THE TOP 50 LISTED COMPANIES 2015: 11-20
10 April 2015, Written 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.
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
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
The energy solutions provider recorded $19.5 million in NPAT and a 14 per cent lift in earnings before interest tax depreciation and amortisation to $96.1 million compared to the previous corresponding period.
Favourable market conditions prompted the company to upgrade its full-year earnings to be in the range of $211 million and $216 million, from between $205 million and $210 million previously.
Energy Developments says the growth will be generated by electricity pricing in Queensland and a lower Australian dollar.
The company has extended a number of key contracts in the past year, as well as maintaining an active pipeline of customer opportunities. Read More
Used-car profits continued to climb, as did insurance outcomes, and the company expanded its fleet through the acquisitions of the Ian Boettcher Motor Group and the Craig Black Group.
New cars were less sought after by A.P. Eagers' customer base over the course of the calendar year, but luxury brands experienced record annual sales. Read More
The company's NPAT increased 26 per cent in the half year to December from the prior comparative period, revealing that its establishment as a pure aged-care play is paying off.
The group experienced record first-half sales from its established retirement business and has a number of development projects in Queensland, NSW and Victoria scheduled for completion in fiscal 2015.
With confidence that an ageing population will continue supporting its strategy, the group has upgraded its guidance to a 20 per cent increase on its 2014 result. Read More
Priding itself on innovation and creativity, the company continues to spend big on research and development.
Last calendar year, research and development comprised 19 per cent of TechnologyOne's revenue expenditure, making the company Australia's largest software research and development company. Read More
Investors were quick to dump shares following the report, with the waste management company experiencing an 18 per cent decline in share price in February.
Transpacific's hydrocarbons business incurred a one-off impairment charge of $77.5 million, and lost $16.5 million in revenue after its fleet was grounded following a road accident in Adelaide last year.
Half-year revenue was down 5.1 per cent at $689.5 million, while EBITDA fell 12.7 per cent to $121.8 million compared to the previous period.
The company has launched a turnaround strategy in the face of challenging market conditions and expects solid year-on-year improvement in FY16. Read More
The niche company's North American foray has been the most promising of its offshore ventures, where it continues to acquire local business across the country, most recently TMC USTravel and Avia International Travel.
Domestic growth is still going strong too, up 15 per cent from the prior corresponding period. Read More
Simultaneously though, this occurred with record annual copper and silver production and sales for the company.
PanAust's workforce has been disrupted in recent times, incrementally shrinking, and so too has the company's executive board.
Founder and managing director Gary Stafford exited the company in November. The new managing director Fred Hess is adopting a cautious approach and changing the business model to no longer provide one-year forward guidance for EBIDTA in light of market volatility. Read More
Acquisitions of City Farmers and Mammoth, which held Petbarn and Animates, have delivered on their goals outlined in 2013.
Greencross has the country's largest network of pet stores and veterinary clinics, and has expressed intentions of continuing to grow acquisitively. Read More
Author: Laura Daquino, Nick Nichols, Jenna Rathbone, Karen Rickert & Antony Scholefield