South Australian Business Index
Nominations for the annual South Australian Business Index 2020 open today – a list of companies that will be crucial to the state’s COVID-19 recovery.
Business
A four-year contract extension to supply cement and lime to BHP’s Olympic Dam mine will help Adelaide-based Adbri make up for recent revenue declines.
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Planting of commercial timber crops have resumed on Kangaroo Island following the devastating summer bushfires, despite the company behind the crop still not having an approved port to take its product to market.
Adelaide-based pharmaceutical company Mayne Pharma has reported a $92.8 million loss for the 2020 financial year, driven by asset write downs in its generic medicines business.
South Australia’s largest company Santos has reported a $402 million ($US289 million) loss for the first half of 2020, following months of low oil and gas prices and the coronavirus pandemic.
South Australia’s largest company Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas, but said production from its core assets is expected to remain steady in the near term.
