Wesfarmers and Woolworths have been named amongst the top five companies in IBISWorld’s 2018 list of Australia’s Top 1000 companies.

“The firms on IBISWorld’s 2018 Top 1000 list account for $2.22 trillion in revenue. Over 75 per cent of companies on the list reported higher revenue for the year. Over 70 percent of industry firms were profitable in 2017-18,” explained James Thomson, IBISWorld Senior Industry Analyst.

Amongst the biggest movers on the list were online shopping businesses while new entrants onto included; online retailer Kogan and software company Xero. However, the two strongest performers were Age-care providers and Food and Beverage Manufacturers. While some of the weakest performers on the list included Wholesalers and Agricultural producers.