Chalmers profit rockets as grain transport lifts


Weather impact in Brisbane fails to hurt bottom line

Chalmers profit rockets as grain transport lifts
Chalmers has surmounted the financial year challenges

 

Chalmers has seen a 91 per cent rise in annual net profits to $481,000 on a 14 per cent rise in revenue to $66.7 million.

Employee costs rose 10 per cent to $26.7 million compares with the previous financial year and that for subcontractors was up about a third to $5.1 million, while vehicle and equipment cost the firm nearly $1 million more to $8.6 million.

The year was a challenging one for the company’s Brisbane Container Park, with severe weather toppling 900 containers, contributing to a $300,000 blow to its $1.1 million revenue improvement.

"Despite the significant damage plus the extensive debris strewn across the site, the container part reopened after three days.

"Due to insurance cover in place, the financial impact was largely limited to the excess on various policies."

The Brisbane and Melbourne transport businesses gained from improved harvests, though the northern operation pushed through its own setback with a longstanding major client lost to "predatory pricing".

That is to be covered this financial year with several new clients "acquired in the reverse logistics sector".

In Melbourne, clients servicing the construction industry helped to improve warehousing revenue.

You can also follow our updates by joining our LinkedIn group or liking us on Facebook