· Total revenue up 128% in reported currency and 126% at constant currency. This increase reflects the strong business growth from Airsight (acquired 1 November 2019). · Total expenses increased by 37% (36% at constant currency) as the Company invested in additional engineers and sales staff, particularly in the USA, in response to the large-scale opportunities apparent to the board and management. · Underlying EBITDA before exceptional one-off items was a loss of £681K, a 6% improvement, driven by the increase in expenses being balanced by increased revenue. It should be noted that H1 2019 expenses and EBITDA have been adjusted following a change in the accounting recognition of the research and development rebate from November 2019 to June 2019.
Date Time
Teven wetlands a road to rehabilitation for endangered species
Wetlands to rehabilitate and protect threatened flora and fauna have started at Teven as part of the Woolgoolga to Ballina Pacific Highway upgrade biodiversity offset program.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the project was testament to how the Australian and New South Wales Governments were working together to build vital road infrastructure while minimising the environmental footprint.
“The Pacific Highway upgrade we delivered last December was the largest road infrastructure project in regional Australia and since work to duplicate the stretch from Hexham to the Queensland border began in 1996, we’ve seen the number of fatalities reduced by about 75 per cent,” the Deputy Prime Minister said.
In the media
PCA: HomeBuilder the workhorse of economic recovery
The success of the Federal Government s HomeBuilder grants program demonstrates the power of residential construction in supporting jobs and driving economic activity. According to new figures from Treasury, more than 75,000 households have applied for the HomeBuilder grant with around 80 per cent of these for new construction (20 January 2021). More.
Managing large-scale construction projects to avoid cost overruns
Researchers from the University of Stavanger, University of Melbourne, and University of Wisconsin-Madison have published a new paper in the Journal of Marketing that examines how major projects undertaken by temporary organisations can be better managed so that cost overruns are minimised. Such cost overruns are a common outcome of major engineering and construction projects (19 January 2021). More.