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Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

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Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

• Unlimited access to WA’s most trusted business journalism
• Data & Insights — detailed profiles of WA companies, people, projects and deals
• MyBN — a personalised feed based on the companies, people and sectors you follow
• Special publications and industry reports
• Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

• Look up detailed profiles of WA companies, including financials, directors and ownership
• Find decision-makers and track their career movements
• Research live and completed projects across WA industries
• Monitor deals, appointments and market activity
• Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

• Executives and directors tracking competitors, clients and market movements
• Investors and advisers researching companies, deals and industry trends
• Consultants and professionals staying across sectors relevant to their clients
• Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
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Milky Mist Dairy Food shares jumped more than 9% during Tuesday’s trading session on the National Stock Exchange (NSE) after the recently listed company reported a sharp increase in June-quarter profit, supported by strong revenue growth and wider operating margins.

The stock opened at Rs 230.79, up 9.4% from its previous close of Rs 210.94, and touched an intraday high of Rs 230.79.

The rally followed Milky Mist’s first quarterly earnings announcement since its stock-market debut. The company’s profit after tax rose nearly tenfold to Rs 65 crore in Q1, compared with Rs 6.53 crore in the same quarter last year. Revenue from operations grew 43.6% year-on-year to Rs 973.45 crore from Rs 678.09 crore.

Tuesday’s rally added to Milky Mist’s post-listing gains. At Rs 226.05, the stock was up about 61% from its issue price of Rs 140 and 37% from its debut price of Rs 165.

Milky Mist listed on both NSE and BSE on August 18 following its Rs 1,553-crore IPO, which comprised a fresh issue of 10.20 crore shares worth Rs 1,428 crore and an offer for sale of 89 lakh shares valued at Rs 125 crore. The stock debuted at Rs 165, a 17.9% premium to its issue price of Rs 140.

The dairy products maker said growth during the quarter was broad-based, with its summer-focused categories benefiting from an extended hot season, particularly in South India. Higher volumes, an improved product mix and better pricing ability also supported the performance.
Gross profit increased 56.1% year-on-year to Rs 333.02 crore, while the gross margin expanded to 34.21% from 31.46%. Earnings before interest, taxes, depreciation and amortisation rose 74.5% to Rs 144.89 crore from Rs 83.02 crore. The EBITDA margin improved to 14.88% from 12.24%.Paneer remained Milky Mist’s largest revenue contributor, recording growth of 34% from a year earlier. Cheese revenue increased 38%, and curd grew 27%. Ice-cream sales climbed 60%, while yoghurt was the best-performing category, registering 153% growth.

“As we look ahead to FY27, our focus will remain on driving profitable growth through portfolio expansion, operating discipline and investments in our manufacturing and distribution capabilities,” whole-time director and CEO K Rathnam said.

Milky Mist’s revenue grew at a compound annual rate of 31.26% between FY24 and FY26, reaching Rs 3,138.36 crore in FY26. In FY26, the company was India’s largest private packaged paneer brand in the organised market, the largest private packaged cheese brand in South India, and one of the country’s top two private packaged yoghurt brands.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

SYDNEY — Shares in Pinnacle Investment Management Group Ltd fell sharply in Australian trading, touching levels near $15.09 and down more than 10 percent at one point as investors continued to reassess the stock after a strong full-year profit that left the dividend unchanged.

The multi-affiliate fund manager closed recent sessions well below its early-August spike, after first rallying on fiscal 2026 results and then giving back those gains. Intraday prints in late August showed a low around $15.55 against a prior close near $17.47, a swing consistent with the $15.09, 10.55 percent drop cited in market snapshots. The stock has also traded as high as about $20–$21 over the past year and as low as $12.30.

Pinnacle on Aug. 4 reported statutory net profit after tax attributable to shareholders of $176.7 million for the year ended June 30, up 31 percent from $134.4 million. Underlying profit, excluding a one-off gain on the Pacific Asset Management step-up and net marks on principal investments, was $138.0 million, up 21 percent. Diluted earnings were 78.1 cents a share, up 25 percent. Underlying earnings were 61.0 cents, up 15 percent.

Aggregate funds under management reached $229.4 billion, up 28 percent. Net inflows were a record $33.4 billion. Public-markets FUM was $171.7 billion. Private markets stood at $37.8 billion. Internationally sourced funds were $74.9 billion. Retail FUM was $50.7 billion.

The board held the full-year dividend at 60.0 cents a share, matching fiscal 2025. The final payment is 31.0 cents, franked to 65 percent, for shareholders on the register Sept. 1 and payable Sept. 25. Full-year franking was 72 percent, down from 79 percent. The payout is high relative to underlying earnings once one-off items are stripped out.

That mix — record flows, higher statutory profit, a flat cash return — helps explain why the first-day jump did not last. The shares rose as much as about 8 percent on Aug. 5, briefly near $19.50, then drifted lower through the rest of the month. UBS kept a Hold rating and an A$18 target after the result. Broader consensus targets sit higher, but listed Australian asset managers have been sensitive to performance-fee swings and multiple compression.

Pinnacle’s model is a platform of affiliate boutiques. It takes equity stakes and a share of profits rather than running a single house style. Affiliate revenue at 100 percent was $1.77 billion, including $146.6 million of performance fees, slightly below $153.6 million a year earlier. Five-year outperformance across strategies slipped to 81 percent from 91 percent, with Hyperion’s Australian growth products cited as a drag after weakness in several large technology names.

The company spent the year buying more of what it already likes. It moved to 100 percent of U.K.-based Pacific Asset Management and said PAM had agreed terms to acquire Asset Value Investors. It also increased its holding in Metrics Credit. Managing director Ian Macoun and other executives have framed offshore affiliates and private credit as the next growth engine after two decades of building the Australian franchise.

Those deals absorb capital and management time. Cash, once converted into affiliate equity, is no longer sitting on the parent balance sheet in the same way. Investors who wanted a rising dividend after a 31 percent statutory profit lift instead saw the same 60-cent total as last year and a lower franking rate.

Share count and employment terms have added to the tape. The company appointed Matthew Lamb as an executive director in early August and lodged employment-arrangement details. It has also used employee loan-backed share mechanisms in the past. None of those items alone explain a double-digit down day, but they sit on top of a stock that had already rallied hard on results and then faded.

Pinnacle remains one of Australia’s larger listed multi-boutique managers, with a market value around A$4 billion at recent prices. Ten-year compound growth in FUM has been about 28 percent a year from a much smaller base. That history is why the name still draws growth-oriented buyers. It is also why a flat dividend and softer performance-fee contribution can look like a pause after a long run.

The near-term calendar is simple. The stock goes ex the 31-cent final dividend around the Sept. 1 register date. Settlement of the cash payment follows on Sept. 25. Markets will then look through to first-half 2027 flows, whether PAM-AVI closes cleanly, and whether Hyperion and other public-markets affiliates stabilize versus benchmarks.

A print near $15 after a $19 handle earlier in August is a reminder that Pinnacle trades as a growth stock first and a yield stock second. Record inflows and a 31 percent profit rise were real. So was the decision not to lift the dividend. Traders who bought the result have been selling the aftermath. Anyone who needed income had a date on the register. Everyone else is waiting to see whether $229 billion of funds can keep compounding without another step-up in the check that shareholders take home.

Care Zone is one of several organisations part of the council’s crisis resilience fund, a network helping people with food parcels, advice and other services.

Its volunteers clean and repair donated furniture and other household goods, giving out more than 3,500 larger items last year and 425 smaller items, such as saucepans and tin openers.

Of the 1,900 people who used Care Zone last year, about 845 were children.

This year the warehouse is piled high with brand new mattresses ready for families in need.

“We see families that have basically been in temporary accommodation,” said Wilcox.

“There might be a family of five in one single room sharing a few beds, sleeping on the floor, nowhere to cook.”

He said tackling bed poverty was a priority because of the impact it had on children’s education.

“For children in particular, a good night’s sleep is really essential.

“By giving them a bed, they have a much better chance at doing better in school.”

Anyone can donate items to Care Zone, and it is accessed by people being referred through organisations such as the council or their GP.

This article was written by

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ZTS, ACN, PAYX, NEE, PEP, DRI, MKC, AMT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
Get in touch
to discuss the right option for your organisation.

Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

• Unlimited access to WA’s most trusted business journalism
• Data & Insights — detailed profiles of WA companies, people, projects and deals
• MyBN — a personalised feed based on the companies, people and sectors you follow
• Special publications and industry reports
• Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

• Look up detailed profiles of WA companies, including financials, directors and ownership
• Find decision-makers and track their career movements
• Research live and completed projects across WA industries
• Monitor deals, appointments and market activity
• Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

• Executives and directors tracking competitors, clients and market movements
• Investors and advisers researching companies, deals and industry trends
• Consultants and professionals staying across sectors relevant to their clients
• Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
Sign up for free.

We’re happy to help.
Get in touch
and our team will come back to you.