In 2005-06 the revenues of Envirozel, a diversified manufacturing company, nearly doubled and the company achieved its maiden profit. Since then, revenues have grown from about $13 million to $88 million in 2007-08.

While Envirozel's net profit of about $6 million in 2006-07 represented an increase of about 300 per cent, the bottom line was assisted by a tax credit. Consequently, when comparing the 2007-08 net profit with the previous year's result, the negative impact of a $2.3 million tax variation detracted from what was really a good performance.