BRISBANE BUSINESS NEWS UNCOVERS THE TOP 50 LISTED COMPANIES 2015: 31-40
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.
31. OROCOBRE (ORE)
The company holds a 66.5 per cent interest in the Olaroz Lithium Project, which is expected to produce its first lithium carbonate for customers in the first or second quarter of 2015.
The Toyota Tsusho Corporation holds 25 per cent interest in the project, with Jujuy Energy and Mining holding the last 8.5 per cent.
In HY15, Orocobre also received its first European order for hydroboracite.
Residential housing currently makes up $900 million of the total end value, while urban land lots constitute $450 million. The total portfolio includes more than 6000 properties.
The company has upgraded its profit guidance for FY15 to $28 million.
During HY15 it acquired 1600 new properties at a total value of nearly $100 million. Projects in Brisbane include the Abian tower in the CBD and Grace on Coronation on the former ABC studio site at Toowong.
The company, which relocated its headquarters from the Gold Coast to Brisbane last year, now plans to look even closer at the improving south-east Queensland residential market.
On the other side of the ledger, the company sold properties worth a total of $90 million. It retains unsettled lots in Brisbane worth nearly $250 million.
About 25 per cent of its total unsettled lots are in the city, with 10 per cent on the Gold Coast, 24 per cent elsewhere in Queensland, 27 per cent in Melbourne and 14 per cent in Sydney. Read More
Having secured 8000sqm of new office space, Collection House plans to relocate its head office by June 2015.
It has also performed IT enhancements on its C5 platform to improve efficiency, and experienced improved productivity within its growing Manila operations.
These positive results have encouraged the company to further expand its interests in the Philippines. Read More
Highlights of the half year include a 23 per cent increase in revenue to $83 million, rental asset growth of 19 per cent to $335 million and fully-franked interim dividend of 16c per share, up 14 per cent.
Operating two brands - Silver Chef Hospitality Financing and GoGetta, which focuses on transport and construction financing - the company says it was the hospitality division that performed in line with expectations. Read More