Westfield profit up media and mining earnings down Retail sales fall and investment rise
Retail sales decline; investment rise
Media and mining profits drop
Retail sales of mining products, such as platinum and diamonds have fallen since 2015 and 2015-16. This year, the combined mining and retail businesses are down by $8.4 billion or 9%. This drops the operating profit of the mining industry by $2.3 billion and falls output by $22.8 billion or 6.9%. This falls the operating profit of the retail operations by $7.2 billion or 1.1% and falls output by $27.5 billion or 11%.
Investments, including $1.2 billion for new research & development at the Oakridge campus as well as $3 billion in capital spending at the University of South Australia and the Western Australian, are down while total capital spending is up and $2.4 billion is earmarked for new business development in Adelaide and Darwin. The mining industry is also reporting a 13% annualised decline in operating profit and a 6% drop in capital expenditure as compared to 2015-16.
The overall retail sales figures are down by an estimated $1.3 billion, with the impact from this drop being mostly in the mining sector. The total value of the sales declined by a lower $1.5 billion which is mainly attributable to reduced mining income and capital investment in 2015-16. The overall retail sales figures are expected to fall by $1 billion or 8%온라인카지노 to $1.2 billion in 2017-18.
media_camera A protester walks past a billboard saying ‘This is not for you, sell our land’ during an anti-mining demonstration in Sydney on April 1, 2017. Picture: Darren England/AAP
media_camera The headline of News Limited Australia/RNZ’s advertising campaign for its upcoming Australian War 인터넷 카지노Memorial Day campaign ‘Dump the Government’ during an anti-mining demonstration in Sydney on April 1, 2017. Picture: Darren England/AAP
media_camera A billboard on the road near the proposed Green Building at the pr우리카지노oposed Sydney Waterfront development site is seen during an anti-mining demonstration in Sydney on April 1, 2017. Picture: Darren England/AAP
media_camera Activists oppose a proposed waterfront development on a major freeway corridor in Melbourne’s north on August 1, 2017. Picture: Justin McManus/AAP
media_camera A protester takes pictures of the billboard advertising the upcoming Australian War Memorial Day event