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Synergy is the biggest power producer in WA. Photo: Gabriel Oliveira
Synergy hit by $657m loss
Thursday, 26 September, 2019 - 14:36
Power utility Synergy has taken a $446 million impairment and reported a loss of $656.9 million in the year to June, which the state government-owned business said was driven by higher fixed costs as revenue fell.
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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
| 1st | Western Power | 2,750 | |
| 2nd | Water Corporation | 2,746 | |
| 3rd | Synergy | 895 | |
| 4th | Landgate | 472 | |
| 5th | Gold Corporation | 413 |
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Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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