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Business
Adelaide-based Santos has reported record earnings, profit and production in the first half of 2022 on the back of increased demand and rising oil and LNG prices.
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Business
Global mining giant BHP has reported record profits with underlying earnings of $57 billion, boosted by higher copper prices and a strong finish to the financial year by SA’s Olympic Dam mine.
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South Australian pharmaceutical company Mayne Pharma has sold off its US-based manufacturing arm to a major American drug corporation, in a move the company says will create a “leaner and more focused business”.
Commonwealth Bank of Australia has become the first of the big four to raise its variable home loan rates after the Reserve Bank’s latest interest rate hike on Tuesday.
An oversupply of Australian avocados has seen record low prices for the fruit, with production tipped to continue to soar for the next five years.
South Australia’s largest listed companies have mostly weathered a tumultuous past six months on the share market despite a number of local firms limping to the end of the 2021-22 financial year.
