Major independent car retailer Regent Motors has had another boom year, with strong leap in turnover to $1.2 billion resulting in a hefty dividend to its owners.
Long-running Perth-based retailer Betts Group is continuing to struggle, with the business incurring its fourth loss in seven years, while annual sales have halved over the same period.
Cost-of-living pressures have driven a sharp uptick in both customer numbers and revenue for Tony Galati’s Spudshed, almost tripling its previous year’s profit.
Profit is not a dirty word, says Wesfarmers chairman Michael Chaney, who also called for more kudos from political leaders for the economic contributions of big companies.
The ASX-listed group behind clothing brands Millers, Rockmans and Noni B has called in administrators from FTI Consulting after failing to restructure internally.
Western Australia has recorded the strongest job market and population growth nationally after the state recently surpassed 3 million people, according to CommSec’s latest report.
Automotive retailer Regent Motors has pushed homebuilder BGC Australia out of the top 10 private companies based in Western Australia after cracking the $1 billion revenue milestone.
The family company that owns John Hughes Group has recruited Melbourne-based business adviser Craig Holland as chairman as it prepares for a wider leadership succession.
Wesfarmers’ retail businesses carried its increased profit for the full year, while its lithium business posted a $26 million loss pinned on weak prices for the battery metal.
Ian Armstrong has stepped off the board of major private conglomerate Perron Group, to be replaced after 35 years as a director by Victorian Ken Marshman.
Toyota has extended its lead as the biggest-selling automotive brand in Western Australia but growth in sales was led by China’s Chery and plug-in hybrid electric vehicles.
Western Australians are likely to reduce their discretionary and overall spending during the second half of 2024, a report from the Chamber of Commerce and Industry WA has found.
