Company profits

Manufacturing

Company profits

Profits before income tax earned by incorporated manufacturing businesses rose by 15% between 1998-99 and 1999-2000, following a fall of 6% from 1997-98 to 1998-99 (table 19.17). Profits rose between 1998-99 and 1999-2000 in seven of the nine manufacturing subdivisions; by far the largest increase was recorded in Metal product manufacturing (of $893m, or 96%) which recorded 1999-2000 profit levels similar to those of 1997-98. Profits in the relatively small Other manufacturing industry more than doubled between 1998-99 and 1999-2000. Large relative rises were also recorded by Textile, clothing, footwear and leather manufacturing (by 52%) and Non-metallic mineral product manufacturing (by 36%).

Industry subdivisions contributing most to manufacturing industry profits for 1998-99 were Food, beverage and tobacco manufacturing (23%), Petroleum, coal, chemical and associated product manufacturing (18%), Metal product manufacturing (15%) and Printing, publishing and recorded media (12%).

19.17 PROFITS BEFORE INCOME TAX, Manufacturing Companies

Industry subdivision	1997-98 $m	1998-99 $m	1999-2000 $m

Food, beverage and tobacco manufacturing	2,947	2,966	2,895
Textile, clothing, footwear and leather manufacturing	232	190	288
Wood and paper product manufacturing	694	882	1,018
Printing, publishing and recorded media	1,185	1,349	1,552
Petroleum, coal, chemical and associated product manufacturing	2,246	2,290	2,326
Non-metallic mineral product manufacturing	723	837	1,134
Metal product manufacturing	1,989	934	1,827
Machinery and equipment manufacturing	1,537	1,419	1,378
Other manufacturing	73	76	156
Total manufacturing	11,627	10,943	12,575

Source: Company Profits, Australia (5651.0).


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