Company makes upbeat report
TRANSPORT company Lindsay Australia was one of the firms in the thick of Queensland’s ‘inland sea’ but the company made an upbeat report to the Australian Stock Exchange this week.
Originally situated in Coffs Harbour, Lindsay Australia now has its head office in Rocklea in Queensland.
The Lindsay Transport depot at Rocklea was extensively damaged, with office equipment, records, workshop equipment and cold rooms damaged, lost or destroyed and some forklifts, prime movers and trailers going under water.
Aerial photographs at the height of the inundation showed hundreds of timber pallets floating around marooned machinery.
Water also entered the ground floor of the head office at Rocklea, part of the Gatton store of Lindsay Rural and a rural distribution warehouse at Rocklea.
Although some records were damaged or lost, the firm’s central servers were not affected and its head office and the depot were both leasehold properties.
The company has already established a temporary depot at Acacia Ridge and insurance assessors are inspecting water-affected vehicles.
Company secretary Graham Johnston said some operations were being transferred to other depots and the group did not expect any significant increase in operating costs from the temporary depot and head office.
He said with the group gaining about 65 per cent of its income from the horticultural sector, the effect of the floods on the demand for the group’s services and products could not yet be assessed.
Mr Johnston said growers indicated tree crops had not been significantly affected, while small crops have a short regeneration time and North Queensland, where the group had increased its operations, was not significantly affected by flooding.
He said water availability was excellent and would stimulate demand for rural products as growers plant and rebuild.