BRISBANE BUSINESS NEWS UNCOVERS THE TOP 50 LISTED COMPANIES 2015: 41-50
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.
The pre-tax profit in the mining and civil division fell by 73 per cent to $2.5 million, while pre-tax profit in the contracting division increased by 58 per cent to $16 million.
In HY15, Watpac won more than $250 million new contracts and extensions.
The company also commenced work on the $24 million Ronald McDonald House project in Queensland.
Its total construction forward order book includes a diverse mix of projects, with a total value of $1.2 billion. Read More
The residential developer recorded a $72.9 million interim loss a year earlier, after being hit with asset write-downs.
Annual revenue of $333.49 million and an $80 million debt reduction have boosted Devine's bottom line.
The company has commenced construction on Mode in Newstead, as the company identifies opportunity in apartment developments.
Devine also aims to replenish its community development portfolio and secure more contracts for its construction division. Read More
A 16 per cent increase in services revenue more than offset the 1 per cent drop in products revenue.
The company's interim dividend increased by 40 per cent, while its overall revenue increased by 2 per cent to $406 million.
After 18 years as MD, John Grant is stepping down in December 2015, while Laurence Baynham will take over as CEO.
Baynham has 20 years of experience at Data#3, including 10 years as group general manager. Read More
The company's cash and cash equivalents fell by $5 million, to $36 million, while it reinvested a separate $5 million into long-term business assets.
The weak transport infrastructure market was offset by Seymour Whyte's utilities infrastructure division.
It began two new utilities projects worth a total of $24 million, including a water main replacement at Jindalee. The company's new transport infrastructure projects included a $116 million road project in Townsville and a $43 million project on part of the Warrego Highway.
Queensland remains the primary revenue source for Seymour Whyte, contributing 58 per cent of revenue during HY15, but the company is aiming to diversify further.
About 25 per cent of its revenue now comes from NSW, including the $26 million Green Square Trunk Stormwater Project and an $86 million project on the Great Western Highway. Read More