Aussie Co Revenue Slower in 2014, Engineering Services Hold Up -- Market Talk
23 Mars 2015 - 1:27AM
Dow Jones News
2343 GMT [Dow Jones] BHP Billiton (BHP.AU) retains top spot in
IBISWorld's 2014 top 1000 Companies list, which ranks Australia's
largest organizations by revenue, followed by Woolworths (WOW.AU).
During 2014 average revenue growth across the Top 1000 was 7.5%,
down from 14.6% in the prior year. Intense competition hit the
telecommunications and fast food sectors, but legal services firms
performed well thanks to restructuring and increased commercial
activity, the report says. Engineering consulting continued its
strong run despite falling mining investment, as some players such
as Worley Parsons (WOR.AU) and RCR Tomlinson (RCR) diversified by
expanding their infrastructure businesses.
(rebecca.thurlow@wsj.com; @beckthurlow)
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