You are viewing:-
you're reading...
1.Market Observations, 2.Economic forecasts, 8.Was Sticky

5 Sept 2019 (AFR) – Private business takes the lead in revenue growth

(5 September 2019, AFR, p47, Phil Ruthven)

50 best private enterprises... (IBIS World, AFR)

50 best private enterprises… (IBIS World, AFR)

‘Visy maintains its ascendancy in the Top 500, but Hancock Prospecting is poised to overtake it. The largest 500 private businesses accounted for just under 4.3 per cent of the $5.5 trillion in revenue recorded across the Australian economy in 2018-19, and grew faster than other businesses. Combined, these 500 businesses generated $234 billion in revenue in 2018-19, representing an increase of 6.6 per cent over the previous year, where all businesses in Australia averaged only 5.2 per cent. This year, Visy (revenue: $6.7 billion) has again topped the list. But only just. Hancock Prospecting ($6.1 billion), which had leapt from 11th to second place in 2018 on the back of the new Roy Hill iron ore mine in Western Australia, is now poised to take first place.’

Read more (and search the interactive table list of companies) at AFR.com (might need AFR login, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: