Smoother seas

Article Abstract:

Australian shipbuilding industry Austal created an engineering marvel in form of a yacht for Greg Norman. In the process however, Austal suffered severe financial losses to recoup from which it took on more profitable albeit less challenging works like building commercial passenger ferries. Today, the shares of the company are trading at about $1.75, a more than 70% hike from 47 cents in March 2003.

Contracts & orders received, Ship Building and Repairing, Shipbuilding & Repair, Contracts & orders let, Contracts, Contract agreement, Shipbuilding industry, Austal Ships

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The float that rocked

Article Abstract:

JB Hi-Fi sells CDs, DVDs, and home and car entertainment equipment through retail stores in shopping malls and other independent shops. It has built an impression as a cheap, no-frills retailer of music and equipment in its home market of Melbourne and floated its shares on October 23, 2003 with a subsequent net profit of 9.3 million dollars in the first half of 2003-04 as a public company.

Household audio and video equipment, Analysis, Audio equipment industry, JB Hi-Fi

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Roller-coaster fortunes

Article Abstract:

Some of the biggest and best-known Australian corporations were hardly hit by the increase in the value of the Australian dollar against U.S., European and British currencies. On the other hand, revenue surged for the banks, the big miners Rio Tinto and BHP Billiton and diversified food and retailing businesses.

Commercial Banks, Capital funds & cash flow, Banking industry, Economic aspects, Valuation, Foreign exchange market

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