Kito has good start to its financial year

The Kito Group announces a record quarter for sales despite external economic challenges. During the first quarter cumulative period (1 April to 30 June 2022) of fiscal 2022, ending March 31, 2023, although global economic activity gradually began returning to normal following the coronavirus pandemic, the outlook remained unclear as a result of increases in […]

05/08/2022 - 11:53 am

Manufacturing expands despite rising costs

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 1.6 points to 54.0 in June, indicating mild growth as the index recorded a fifth consecutive month in expansion (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Innes Willox, chief executive of Ai […]

04/07/2022 - 12:43 pm

A successful 2021 for Faresin

Faresin Industries’ Annual Report for 2021 shows positive results for the company. Sante Faresin, chairman of Faresin Industries, said “We are very satisfied with our 2021 results because we could confirm the development and growth trend of recent years with +17.9% on turnover and +27.6% on EBITDA. Net profit is also rising: up 12,2% compared […]

24/06/2022 - 10:47 am

Konecranes describes the impact of the war in Ukraine on its business

Konecranes operates a crane and component factory in Zaporizhzhia, in the south-eastern part of Ukraine. The factory is one of the Industrial Equipment supply factories for crane components and a crane manufacturing unit for Eastern Europe deliveries. It also offers extra capacity for Konecranes’ western crane deliveries specialising in large steel structures. In addition, Konecranes […]

22/04/2022 - 08:40 am

Mild manufacturing rebound in November

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 4.4 points to 54.8 in November – the first month of improvement following three months of flat results for the Australian PMI (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). All activity indexes […]

01/12/2021 - 18:10 pm

Australian manufacturing recovery slows  

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) eased by 0.4 points to 51.2 in September, indicating a weaker rate of expansion across manufacturing and effectively stalling a solid period of recovery since late 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). […]

01/10/2021 - 13:30 pm

Restrictions destroying what is left of business confidence says Ai Group CEO

“The ever tightening state government Covid restrictions are strangling what is left of business confidence and are likely to push Australia back into recession,” said Innes Willox, Chief Executive of the national employer association Ai Group. “With around 70% of our domestic economy subjected to a variety of draconian curfews, lockdowns, border closures, enforced business […]

16/08/2021 - 14:22 pm

Australian PMI – Manufacturing expands again in May

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) edged 0.1 points higher to 61.8 in May, indicating an eighth consecutive month of recovery following the severe disruptions of Covid-19 in Q2 of 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). The May […]

15/06/2021 - 20:18 pm

Australian PMI: Manufacturing goes from strength to strength 

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by a further 1.8 points to 61.7 in April, indicating a seventh consecutive month of recovery from the severe disruptions of Covid-19 in Q2 of 2020 and the index’s highest monthly result since March 2018. It is the third highest rate of growth […]

11/05/2021 - 18:34 pm

Kito results for 2020 show steady recovery

In the last quarter of Kito’s financial year which ended March 2021 the company has reported that demand has recovered to the same level as the previous year despite Covid infection rates increasing. Effort was focused on profit and cash generation with cost controlled across board. Sales in Q4 were up 1.6% on 2020 and […]

11/05/2021 - 17:38 pm

New Issue

LHA May/June 2022

In this month's issue