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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WA revenue

1st↑Hancock Prospecting$4.45bn
2nd-Roy Hill Holdings$2.30bn
3rd↓BGC AustraliaNFP
4th↑Competitive Foods Australia$1.38bn
5th↑Wilson Parking$1.14bn
105 private companies - large ranked by revenue most recent financial year

Year established in WA

18th-Piacentini & Son1944
21st-Hancock Prospecting1955
38 WA business dynasties ranked by year established in WA

Number of Employees

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