Magazine article New Zealand Management

World Tacklers

Magazine article New Zealand Management

World Tacklers

Article excerpt

What a year it's been. Basking in the benefits of one of the best periods of growth since the 1960s, our nation's top businesses have collectively turned in spectacular results. So much so that it has become ever harder to join the ranks of the country's Top 200 organisations. Last year, after hardly moving for over a decade, the revenue baseline for entry to our Top 200 listing was hiked by a cool $20 million to over $70 million. This time round even that wasn't enough. Winstone Pulp International, which listed in 200th place, had reported revenue of $113 million: it was another $43 million harder to enter the Top 200 club this year.

At one point we were turning away companies that had racked up a 100 percent increase in their revenue. And while we're fully aware that percentages don't tell the whole story, it's interesting to note more than our usual crop of organisations reporting percentage increases calculated in the thousands for profits.

If I'm allowed one gripe, it would be that this year's listings were marred by ludicrously late returns from some organisations--and we don't mean the understandable delays due to the September 17 election and the consequent inability of some SOEs to release their returns until okayed by Parliament. …

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