Business
Construction materials and lime producer Adbri has continued its recovery with a $56.6 million net profit after tax for the first half of 2021 but the Adelaide-based company has warned of declining sales in the coming months, causing its share price to lose more than 8 per cent.
Business
Dairy and meat company Beston Global Foods has blamed a $21.87 million net loss for the 2020-21 financial year on reliability issues with its Jervois mozzarella plant, export delays and sluggish demand from the Australian food services sector during lockdowns.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Commentary from major listed companies as reporting season gets into full swing this week will provide valuable insights into the business impact of lockdowns in the eastern states, according to Adelaide’s Argo Investments.
SA miner Rex Minerals has announced a bid to raise $50 million to fund pre-development activities at its Hillside copper/gold project on Yorke Peninsula.
South Australian companies are encouraged to nominate for this important snapshot of the state’s COVID recovery.
Santos will push ahead on a merger bid to gain a greater presence in Papua New Guinea and create a $21 billion company with Oil Search, despite an initial rejection.
