#Profit
Westpac H1 profit falls 22% to $3.296b
Westpac chief executive Brian Hartzer says the bank’s first-half results are disappointing. Westpac has held its interim dividend despite the cost of refunding customers helping drag down first-half profit by 22 per cent to $3.296 billion. Australia’s second largest bank set aside $617 million to cover refunds and associated costs following the financial services royal […]
6 tips for building millions in revenue
Former HR Manager, James Trenerry turned a $40,000 debt into a successful KX Pilates franchise enterprise, generating a revenue stream of $2.5 million. Here are his tips for business success. Define your vision A clear vision and strategy is essential to reach your goal This sets the tone for your business direction, objectives, and […]
Can ‘For-Profit’ businesses still have a Social Impact? BenchOn’s founder provides answers
‘You can’t make a profit while you are creating social impact, that would be wrong.’ This was a statement made to me by a Year 11 student taking part in an Entrepreneurial Challenge Week, where the students were challenged to develop a social impact business within 5 days. Taken aback, I asked ‘Why?’. The five girls […]
Why an Annual Business Review is Essential
When was the last time you reviewed your business? Every owner should conduct an extensive review at least once a year to stay on track. It doesn’t matter if you’re running a small firm or a large corporation – every business benefits from a solid plan of attack. Annual reviews allow you to evaluate what […]
Brand strategist Jonathan Price discusses his company’s role in ‘refreshing’ Kathmandu
When Kathmandu announced its net profit had increased 64% in FY16, group marketing manager John Sette cited a comprehensive brand refresh as one of the factors that had contributed to an improvement in the company’s fortunes. He also praised the efforts of Melbourne brand and design studio SouthSouthWest, which had assisted in rebranding the travel […]
Escaping the paper vortex and embracing digital tech is a sign of business maturity
The digital revolution has impacted almost every facet of our lives, from how we socialise, exercise, bank, and work. Although business is now conducted largely through smartphones, tablets and laptops, many workplaces are still cluttered by mountains of paper. Given the indisputable benefits of embracing digital technology, businesses are fast running out of excuses for their stubborn […]
Better control needed in SMB rising costs, here’s how
One of the most common issues faced by small businesses is keeping control of the businesses finances and ensuring that the business continues to be profitable.
3 words that will change your business
It’s easy to be intimidated by your competitors’ sales figures but these numbers should be of less concern than your relative profit margins.
Getting more profit for your business
Profit should be at the top of any business owner’s mind. Here are three tips for making sure yours keeps growing.
12 Christmas tips for growing businesses
In just 12 tips, Greg Charlwood of Bibby Financial Services will show you how to improve your business over the festive season so you’ll be ready to succeed in 2012.
Business expectations hit new low
Profit and employment expectations have hit a two-year low, according to the latest Dun & Bradstreet Business Expectations Survey, with key indices revealing figures returned to levels seen just prior to the worst of the GFC.
The risk of the ignoring the elephant in the room
Rick Mapperson blogs about the need to address the ‘elephants in the room’ that may be impacting your business. “In your business it is an obvious problem or risk that no one wants to address or discuss. Instead, you pretend it is not there and occupy your time with other issues rather than deal with the looming big one.”
It’s time to get passionate about your customers
I love my clients. They all have tremendous passion for their business, and genuinely believe in what they’re doing. And when you’re passionate about what you offer, marketing and sales become a lot easier, and your business is more profitable. Here’s why.
Woolworths’ September quarter sales 4.1% higher
Woolworths sales for the September quarter are 4.1 percent higher on the corresponding quarter last year, with gross sales of $13.9 billion during the reporting period.
Commonwealth Bank profit tops $6 billion – up 42 percent
The Commonwealth Bank of Australia’s (CBA) cash net profit after tax has increased by 42 percent to $6,101 million for the financial year ended 30 June 2010.
Bendigo and Adelaide Bank profit up 190 percent
Bendigo and Adelaide Bank has announced a 190 percent improvement in net profit for the 12 months ending 30th of June 2010, with after tax profit of 242.6 million.
Woolworths Limited sales up 4.8 percent
Woolworths Limited has topped expectations, growing sales by 4.2 percent on last year, or 4.8 percent excluding Woolworth’s volatile petrol division.
David Jones cashes in on mining boom with new Perth store
David Jones will terminate a lease with Westfield in Melbourne in favour of opening a store in upmarket North Perth that is better aligned to David Jones core customers.
Metcash records record profit with IGA holding strong
Metcash Limited, the the operator of IGA Supermarkets, Mitre 10 Hardware stores and Cellarbrations Liquor has posted a record profit up 12.4 percent from $227.6 million for the year.
David Jones declares GFC over with record profit
Retailer David Jones has reported a first-half profit up 10.2 percent, posting a net profit of more than $100 million for the period ending January 23.
Woolworths profit soars 11.4 percent
Woolworths exceeded market expectations today with a reported 11.4 percent rise in first-half net profit for this financial year. In the half year (27 weeks) ending 3rd of January, Woolworths net profit was $1.09 billion, up 11.4 per cent compared to the same period last year. Share holders will be paid interim dividend of 53 […]
ANZ’s profit up 16 percent as economy improves
ANZ has issued an official statement covering their first quarter results, reporting an underlying profit after tax of $1.6 billion for the four months to end-January. This was a 16 percent increase in profit covering the bank’s first-quarter results, which was boosted by improved margins on its products. However earnings were lower than hoped due […]
Telstra profit down as fixed line revenue falls
Telstra has announced a sales revenue decline of 2.5 percent for the six months to December 2009 reaffirming its profit guidance for fiscal 2010 due to challenging market conditions. In a statement by Telstra chief executive David Thodey he indicated Telstra had seen a decline in adjusted revenues in the first half despite good performances […]
30 ways to cut business costs
As business conditions slow and business costs increase, it’s becoming increasing difficult to rely on earnings growth to improve the bottom line. Check out these simple business cost cutting ideas to improve profit and cash flow. Astute managers are more often looking to unlock the profit opportunity that lies hidden within their businesses costs. After […]