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Business Description: K&S Corporation Limited (KSC) is an Australian provider of transport & logistic solutions, contract management, warehousing & distribution and fuel distribution to clients in Australia and New Zealand.
Strategy Analysis: The acquisition of Pacific Transport was completed in January as part of KSC's strategy to expand into Western Australia's rapidly developing oil and gas resources in the state's Far North West. K&S has a dual strategy for growth: operational restructure and revenue growth. The restructure involves changing the focus of the business from a specialist transporter to a provider of total logistic solutions. KSC has determined that broadening their service offering will increase their customer base, particularly of smaller scale customers, from which K&S can earn higher margins. Revenue growth will be achieved by seeking out further acquisition opportunities in NZ and aggressive contract tendering in logistic operations, as well as improving strategic partnerships within the forwarding industry. .
K&S Corporation reported NPAT up 37.4% to $10.12m for the half-year ended 31 December 2012. Revenues from ordinary activities were $293.47m, up 8% from last year. Basic and Diluted EPS was 11.3 cents compared to 8.5 cents last year. Net operating cash flow was $22.42m compared to $15.91m last year. The interim dividend declared was 6.5 cents, compared with 5.0 cents last year.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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