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Jason Waters credits cost reduction as key to delivering an after tax profit as revenue fell.

Falling revenue pressure for Synergy

Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.

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Total revenue

1st-Gold Corporation$18.85bn
2nd-Synergy$3.03bn
3rd-Water Corporation$2.61bn
4th-GESB$2.14bn
5th-Western Power$1.72bn
29 state government businesses ranked by total revenue - this year

Number of Employees

State Government Businesses

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