C-Mac Industries (Aust) Co-operative Ltd. is now giving its web visitors access to their first annual report. The annual report contains detailed reporting on the company’s performance, operating results and highlights, community engagement, financial summary and many more.
(C-Mac's AGM)
The report covers C-Mac Industries’ financial year which ended 30 June 2018. The principal activities of the company during the financial year are the following:
- Sheet Metal Fabrication
- CNC Precision Machining
- Gear Cutting
- Agricultural Machinery Manufacturing
- Industrial Acoustics
During the financial year, the company has performed as expected in the opinion of the directors. Indeed, it was an exceptional year for C-Mac with good profit margins.
Aside from that, the company have also managed to purchase some equipment such as vehicle, rollers, and 3D printers to increase their productivity and to serve its customers better.
The said report also contains the company’s statement on becoming a co-operative. C-Mac has been operating as an employee co-operative since 2017. As a co-operative, they have established an overdraft facility with the Commonwealth Bank.
Furthermore, the company have given their reflections on the said financial year. Along with these reflections, C-Mac also stated their future plans. They are working hard to come up with new strategies to improve their systems and processes and to match the demands of operating a complex business.
You can download or view the annual report by clicking here
