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Reading: Study: Coles & Woolies Still Australia’s Top Companies When It Comes To Revenues
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B&T > Marketing > Study: Coles & Woolies Still Australia’s Top Companies When It Comes To Revenues
Marketing

Study: Coles & Woolies Still Australia’s Top Companies When It Comes To Revenues

Staff Writers
Published on: 13th March 2017 at 10:31 PM
Staff Writers
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An annual study by industry market research firm IBISWorld into the top 1000 Australian companies in terms of earnings has put the retailers Wesfarmers and Woolworths in the top two spots for 2016.

Wesfarmers had total revenues last year of $66 billion, Woolworths had $58 billion (but was down 1.2 per cent due to the Masters Hardware disaster), CBA was third with $44 billion, Westpac fourth with $37 billion and NAB rounded out the top five with $36 billion. It’s thought the banks have usurped the miners on the list following sharp falls in gas and mineral prices over the past 12 months.

The top 10 included:

Screen shot 2017-03-13 at 10.27.05 PM

The companies on the list account for $1.98 trillion in total revenue, up from 1.9 per cent from the previous year.

Two-thirds of the companies on the list reported revenue growth for the year, but net profit after tax saw a decline.

There were 101 newcomers to the 2016 list, including Aussie tech giant Atlassian at number 772 with revenue of $457.1 million.

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TAGGED: Advertising Standards Bureau, Jamie Oliver, Wesfarmers
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Staff Writers
By Staff Writers
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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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