We had the privilege of attending the 2015 Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska. This was my third trip to the meeting in as many years and the event continues to grow in size and scale. 2015 marked the 50th anniversary of the Warren Buffett / Charlie […]
Sydney, 1 May 2015 – TPG has recently launched an aggressive range of NBN with Home Phone Bundle plans. TPG first entered the NBN space a year ago and has now revised its NBN plans to give customers more choices in data usage, speed options and contract terms.TPG’s new NBN plans start from $39.99 per month (previously $59.99). For the first time, TPG also now offers NBN plans with up to 25Mbps and 50Mbps download speeds, along with the original 12Mbps and 100Mbps options it previously offered. TPG’s Chief Operating Officer, Craig Levy, believes that the new plans are among the most competitive NBN enabled product range in Australia.
Statement by TPI Enterprises Managing Director, Jarrod Ritchie
Harvesting is underway for Victoria’s first commercial alkaloid poppy crop.
Up to 200 hectares is being harvested this season, the first time that a commercial poppy crop has been grown in Victoria. This follows trial crops in the 2013/14 season, and the passage of legislation to enable the cultivation and processing of poppies in Victoria.
Crops have been harvested in different locations across Victoria, ranging from Gippsland through to Central and Northern Victoria and the Western District regions.
The poppy straw harvested in Victoria will processed at TPI’s new manufacturing facility in Melbourne which is planned to be fully operational by April 2015. TPI produces narcotic raw material which is used by international manufacturers of therapeutic pain relief products.
This season’s crop has been primarily influenced by the later than usual planting due to finalisation of regulatory requirements during 2014.
The harvest quantity is in line with expectations for the first season, and we are looking forward to growing the size of Victoria’s poppy crop in future seasons.
Already, there are firm commitments from Victorian farmers to grow around 3,000 hectares of poppies in the 2015 season and we expect this figure to increase to between 4,000-‐4,500 before planting starts in April. This will deliver an estimated $12-‐15 million to growers at the farm gate.
TPI has been providing advice and assistance to our growers throughout the season, and the company will expand its field services team to support the increased number of poppy growers this season.
TPI is also harvesting its Tasmanian poppy crop. Tasmanian poppy straw will be collected at TPI’s facility in Cressy before being shipped to Victoria for processing.
TPI has valued the ongoing support of the Victorian Government in the establishment of the alkaloid poppy industry in the state, in particular the continuing guidance and assistance being provided through the Victorian Department of Economic Development, Jobs, Transport and Resources.
TPI is an Australian-‐owned company that produces narcotic raw material (NRM) from alkaloid poppies that are grown in Victoria, Tasmania, the Northern Territory and Portugal. It supplies NRM to international manufacturers of therapeutic pain relief products. It is one of nine companies globally involved in NRM production, and one of three Australian processors. TPI was founded in 2004, and has a presence in Victoria, Tasmania, the Northern Territory and Portugal.
More information: Matt Francis at Newgate Communications 0467 777 220
New Priceline Pharmacy Catalogue out now. On sale Thursday 2nd July until Wednesday 15th July 2015
Thursday, 26 March 2015: Diversified investment company, Washington H. Soul Pattinson and Company Limited (WHSP, ASX: SOL) today announced regular profit after tax∗ attributable to shareholders for the half year ended 31 January 2015 of $84.8 million, an increase of 33.6% when compared to $63.5 million for the previous corresponding period.
The net increase was primarily attributable to higher contributions from New Hope Corporation Limited (New Hope), TPG Telecom Limited (TPG) and Brickworks Limited and an improved result from CopperChem Limited.
The profit after tax (including non-regular items) was $67.3 million, a decrease of 8.7% when compared to $73.7 million for the previous corresponding period.
The loss on non-regular items for the half year ended 31 January 2015 was $17.5 million (2014: $10.3 million profit) consisting mainly of impairments which were largely offset by the reversal of impairments made in prior periods.
Chairman of WHSP Mr Robert Millner said: “Our diversified portfolio of investments has again delivered a strong result for shareholders. We are pleased to announce an increase in the interim dividend to 20 cents, up from 19 cents on the previous corresponding half year.
“WHSP has cash reserves including wholly-owned subsidiaries of $191.7 million which means we are in a strong financial position.”
∗ Regular profit after tax is a non-statutory profit measure and represents profit from continuing operations before non-regular items. A reconciliation to statutory profit is included in the half year financial report – Note 2, Segment Information.