Latest Cost Savings News

Nufarm Limited posted a 3% revenue increase to $1.81 billion for the half-year ending March 2025, driven by Crop Protection growth, yet profits fell sharply due to omega-3 inventory write-downs and higher costs. The company withheld its interim dividend amid ongoing operational challenges.

Zoono Group has inked a five-year exclusive contract with Sharpak and OSY to apply its antimicrobial technology on UK soft fruit packaging, aiming to reduce food waste and boost shelf-life.

American West Metals is launching a comprehensive 2025 exploration campaign at its Storm Copper Project in Nunavut, targeting resource expansion and new discoveries along a 110km copper belt.

Worley Limited has reaffirmed its FY25 financial outlook, targeting low double-digit EBITA growth and margins between 8-8.5%, supported by a robust $9.4 billion bookings pipeline and a strategic operational reorganisation.

Power Minerals Limited has entered a strategic partnership with Brazilian miner EDEM to advance the high-grade Santa Anna Niobium Carbonatite Project in Goiás, Brazil, aiming to accelerate exploration and development through shared expertise and cost efficiencies.

Prospect Resources has reported outstanding flotation testwork results from its Nyungu Central deposit, highlighting high-grade copper concentrates and promising cost efficiencies for its Mumbezhi Copper Project in Zambia.

Fletcher Building is dissolving its Australian Division, folding operations into two new trans-Tasman units, while targeting $15 million in annual cost savings as market challenges persist.

oOh!media Limited reports robust revenue growth momentum continuing into 2025, driven by strong contract wins and disciplined cost management. The company expects sustained market share gains in the expanding Out of Home advertising sector.

Core Lithium's Restart Study for the Finniss Lithium Operation confirms a 20-year underground mine life with significant cost reductions and enhanced production capacity.

Lumos Diagnostics has secured its largest single US purchase order for its rapid respiratory test FebriDx, signaling growing adoption in American healthcare settings.

Lindian Resources reports strong progress on its Kangankunde Rare Earths Project in Malawi, securing multiple financing proposals and advancing construction ahead of schedule. The company targets production in 2026 amid growing global demand for critical minerals.

News Corporation has updated its financial statements to reflect the sale of Foxtel, reporting a 3% revenue increase in fiscal 2024 driven by its Digital Real Estate Services and Book Publishing segments, alongside a 66% rise in net income from continuing operations.