Atlas has said it anticipates that pearls will return to average size in the 2016 financial year.

Atlas Pearls loses some shine in half-year report

A fall in pearl sizes has dragged down revenue for Atlas Pearls and Perfumes, with the company confirming a loss for the first half of the year flagged in a restructure last week.


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One possible reason behind the small pearls was poor senior management decisions, larger pearls were more than likely harvested after X-ray leaving smaller slower growing product in the system. This combined with a poor strategy to kill harvest and not re-seed oysters has had a very negative impact on production. Directors with a lack lustre(pardon the pun) understanding of the core business are possibly at fault here, if they had stuck to the basics and core values of the old Atlas then they would not be up the creek without a paddle.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
455thInternational Equities Corporation0%46%
528thMCS Services-11%-8%
585thAtlas Pearls and Perfumes-21%-9%
755thOrbital Corporation-53%8%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$25k Issued
$23k Issued
$8k Bought
Total value as at the date of the transaction
Source: Morningstar


72nd-International Equities Corporation$19.5m
73rd↓Atlas Pearls and Perfumes$18.2m
74th-MCS Services$18.1m
75th↓Orbital Corporation$17.7m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Pearls and Perfumes

402ndPierre Fallourd$328k
1124thGeoff Newman$78k
1305thTim Martin$50k
Ranked by total remuneration from all listed WA companies

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