The big result | While all eyes were on Commonwealth Bank and its sky-high valuation, Seven Group Holdings quietly made its latest pitch for the title of the most consistent performer on the ASX.
This financial year again demonstrated chief executive Ryan Stokes’ ability to boost operating leverage across the WesTrac equipment business, the Coates Hire division and the Boral building materials business it bought out earlier this year. Revenue rose 10 per cent, while EBIT jumped 20 per cent and net profit surged 30 per cent.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
