Construction and motor industries the top earners

CONSTRUCTION and motor industry companies are earning the hog’s share of private company income in WA, despite slumps in both industries.

According to information gathered for the Book of Company Lists, the two industries make up 45 per cent of the top 40 private companies operating within Western Australia.

Ranked by net revenue, Multiplex and Automotive Holdings held their positions at number one and two respectively for the second consecutive year.

HBF was knocked off third spot by the Holmes a Courts’ Heytesbury, followed by Len Buckeridge’s BGC Australia and Kerry Stokes’ Australian Capital Equity.

The building and construction industries achieved some admirable gains.

BGC, at seventh position last year, increased its net revenue by $224 million, while heavy duty construction and mining equipment company CJD Equipment leap-frogged nine places with an increase of almost 60 per cent. Home-builder Tangent Nominees jumped five positions from last year with a 31 per cent revenue boost.

A BGC spokesperson attributed the industry’s success to major road contracts and people wishing to finish domestic constructions before the introduction of the GST.

Motor industry companies also continued to feature in the Book of Lists top-40, with Automotive Holdings, Perron Investments, the John Hughes group, Prestige Motors, WA Auto Auctions, RAC and United Motor Traders retaining their top 20 list status.

Motor Trade Association executive director Peter Fitzpatrick confirmed the retail motor vehicle market had been quite strong but said some fleet markets were a bit weak.

“It’s been a patchy year for the industry. Trading conditions have been quite difficult because of general uncertainty with tax reform, and the economy’s not as good as we would like at the moment,” he said.

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