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Bunnings star performer in Wesfarmers 1.2% profit boost

2016-02-24 00:59:39| Agriculture - Topix.net

Net profit was A$1.4 billion in the six months ended Dec.31, compared to A$1.37 billion a year earlier, while the retail portfolio had a 9.2 percent boost in earnings before interest and tax to A$176 million following good Christmas season trading in all businesses, the company said. Revenue rose 4.7 percent to A$33.5 billion despite stiff competition in the supermarket sector from Woolworths and Aldi impacting Coles, its largest business.

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Qantas reports half-year profit trebled to $497 million

2016-02-23 08:41:12| Airlines - Topix.net

Qantas Airways Ltd. on Tuesday reported that its latest half-year profit had more than trebled to a record 688 million Australian dollars on the back of low fuel prices and a falling Australian dollar. The Australian airline's net profit for the six months through December was up 239 percent on AU$203 million for the previous corresponding half year, boosted by the AU$448 million saved through hedging on lower fuel prices.

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Sappi Profit Jumps As Pulp Maker Sees Higher 2016 Earnings

2016-02-23 06:56:09| pulpandpaperonline News Articles

Sappi Ltd., the world’s biggest producer of dissolving wood pulp, said first-quarter profit more than tripled after higher prices for the cotton substitute helped offset the effects of a drought in South Africa on volumes

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VIDEO: 'A profit that doesn't harm mankind'

2016-02-23 02:30:34| BBC News | Business | UK Edition

Will Italian designer and cashmere garment maker Brunello Cucinelli's unusual approach to business and capitalism ensure his firm's longevity?

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Qantas soars to record half-year profit

2016-02-23 01:45:08| BBC News | Business | UK Edition

Lower oil prices has helped Qantas post a record underlying pre-tax profit of A$921m ($665m; 470m) for the six months to December.

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