Most improved profit

Kordia (ranked 183rd in the

Top 200 Index) is a newcomer in 2020 after dropping off the Top 200 Index in 2019. It recorded the most improved profit out of all the entities on the Top 200 index, with a 6558.4 per cent increase from a $0.1m loss in 2019 to $9.6m profit in 2020.

This jump in profit can be attributed to a 9.6 per cent increase in revenue year-onyear from $203m in 2019 to $223m in 2020, specifically in revenue from its Australian business unit, which had declined in 2019 due to the Australian Government’s Chinese vendor ban on 5G networks at the time, but has recovered in the current year.

Meat processor Silver Fern Farms (ranked 18th) has the second most improved profit, recording a profit of $70.7m in 2020 compared to a $5.8m profit in 2019. This is an increase of 1,114.7 per cent.

City Care (ranked 140th) holds third place for most improved profit, with an increase of 875.7 per cent.

In the current year, City Care recorded a profit of $5.6m, compared to 2019 where a loss of $0.7m was recorded.

Silver Fern Farms (ranked 18th), Powerco (89th), and Spotless (109th), are the only three companies to be included in the most improved profit table in both 2019 and 2020.

In 2019, Silver Fern Farms held 13th place with a 201.8 per cent increase in profit, Powerco held 16th place with a 194.2 per cent increase in profit, and Spotless held second place with a 734.2 per cent increase in profit.

This year, Silver Fern farms holds second place with a 1114.7 per cent increase in profit, Powerco holds 11th place with a 242.9 per cent increase in profit, and Spotless holds 18th place, with a 132.0 per cent increase in profit.