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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 (might need AFR login, or try:

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