Amalgamated Holdings , which owns $1.2 billion worth of hotels, resorts and cinema complexes, reported an 8.4 per cent decline in net full-year profits to $78.6 million. A poor snow season at Thredbo ski resort and weak takings from its German cinemas dragged down earnings.Larry Schlesinger

Fund manager Folkestone booked a net profit of $3.2 million for fiscal 2014, up 168 per cent on the previous year, as its funds under management grew strongly. Folkestone, led by Greg Paramor , has not paid a dividend in the past two years. Nick Lenaghan