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The Roy Hill iron ore mine. Photo: Jaime Linchangco

Lower ore prices push Hancock profits down 33%

The first contribution of the Roy Hill project has failed to balance the impact of falling iron prices on the accounts of Gina Rinehart's Hancock Prospecting which recorded a one third drop in net profit from operations to $443 million.

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Revenue

1st-Hancock Prospecting$6.04bn
2nd-Roy Hill Holdings$3.84bn
3rd-BGC Australia$2.50bn
4th↑Wilson Parking$1.15bn
5th↑Quadrant Energy$1.02bn
113 private companies - large ranked by revenue most recent financial year

Year established in WA

18th-Piacentini & Son1944
19th-D'Orsogna1949
21st-Hancock Prospecting1955
22nd-Floveyor1958
42 WA business dynasties ranked by year established in WA

Number of Employees

Private Companies - Large

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