Tour de los Padres Pinyons and Pines Bones to Blue I’ve been happily putting this system through its paces over the last few months, including a thousand miles of bikepacking races and events ( Tour de los Padres, Pinyons and Pines, Bones to Blue). My kLite system came along with a massive overall upgrade to my gear and riding experience: my new Stella Ti mountain bike with a SON 28 dynamo hub. But since adding a dynamo hub to my bikepacking setup I’ve had the pleasure of riding with a top-of-the-line dynamo powered tail light: the kLite Qube. There are many good battery powered options to choose from, and as long as you keep them charged they get the job done. As long as it’s flashing away back there I feel I’m doing my part to keep good fortune on my side. For me a “safety blinkie” is a must-have item for visibility and also peace of mind.
The Moorebank assets were classified as discontinued operations, which means that the costs associated with the sale have not been included in the company’s underlying results.Whether riding a lonely rural highway in the dead of night or navigating city streets at rush hour, an unmissable tail light is essential for any cyclist who wants to remain alive. Qube earned another $200 million in deferred consideration in early August, with another $100 million due in progressive payments. The sale of Moorebank Logistics Park was completed in mid-December with Qube receiving $1.36 billion. Underlying net profits after tax and amortisation rose by 26 per cent to a record $200.7 million. Qube’s logistics and infrastructure business delivered a 37 per cent rise in earnings before interest and taxation (EBIT) to $145.6 million, while its ports and bulk operations lifted EBIT by almost 6 per cent to $137.2 million. Qube also took a $15 million hit to earnings from port congestion, the lockdowns in China (which disrupted shipping activity) and extreme weather, including the east coast’s heavy rainfall and floods.Ī 20 per cent drop in volumes of logs sent from New Zealand to China was due to a decline housing construction and the labour shortages associated with the COVID-19 lockdowns, while Australian log exports were hurt by Chinese trade embargoes, Qube said. The income offset higher expenses, including fuel and energy costs. Group income was boosted by a 16 per cent rise in revenues to $2.5 billion, fair value gains and the sale of Moorebank Logistics Park’s warehouse and property assets. The first six weeks of the new financial year had been “healthy”, Mr Digney said. The company’s shares jumped almost 7 per cent in afternoon (AEST) trading to $2.89 after it forecast growth in underlying earnings growth for 2023. It is also raising prices for its services by as much as 10 per cent.
Qube is trying to be more productive and help its customers make supply chains more efficient to reduce costs. Patrick’s market share of the national container ports market dropped to 42 per cent from 44 per cent a year earlier due to industrial action, vessel scheduling issues and the loss of a shipping service to rival DP World. Qube said increases in the infrastructure fees charged to users of ports had helped offset costs. But the container port group still contributed some $40 million to Qube’s profits, up from $27.7 million on a year earlier. Patrick’s volumes were about 2 per cent down on a year earlier in the 12 months to June. no one is tightening their purse strings just yet.” Patrick container ports, which is half-owned by Qube, had not yet experienced a significant slowdown in imports of container goods despite the surge in global inflation, Mr Digney said. The company expects agricultural and energy exports to remain solid. “Sometimes we get the benefit of bottlenecks.” While congestion at ports had slowed down the movement of some goods in and out of Australia, customers still needed to use port infrastructure, including Qube’s storage facilities, the CEO said. “We’ve built a really robust business model, Mr Digney told The Australian Financial Review. Qube CEO Paul Digney says the company’s diversification has helped it weather the COVID-19 pandemic. Qube chief executive Paul Digney says the logistics group’s ability to handle everything from grains to steel and pass on rising costs to customers enabled it to boost profits 39 per cent to $127.5 million despite the global supply chain crunch.
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