Coote Industrial says it is still waiting on a $75 million payment from the sale of locomotives and wagons as it posts a 70 per cent fall in its first half net profit.
Nickel miner Panoramic will consolidate its ownership of the Lanfranchi project by issuing $9.72 million worth of shares to joint venture partner, Canadian-based Brilliant Mining Corp.
BG Group is determined to remove Arrow Energy from the takeover battle for Pure Energy Resources as it lifts its already recommended cash offer to $8.25 for each share.
A strong six months for the project services division has helped to lift engineering firm Lycopodium's half year net profit up 66 per cent to $8 million.
Alinta owner Babcock & Brown Power has revealed an $18 million hit from the Varanus Island gas explosion as earnings for the half year dipped 9 per cent.
Engineering company Monadelphous Group has spent close to $4 million building up a 12.4 per cent stake in listed services company Norfolk Group as part of its diversification strategy.
Engineering and infrastructure firm GRD has recorded a 236 per cent jump in full year net profit for its ongoing business, before the shine was taken off after a $58 million hit from the sale of a Sydney asset and other losses.
Shares in nickel miner Albidon have been placed in a trading halt as the company reveals its $40 million private investment deal is unlikely to go ahead.
Perth-based Amcom Telecommunications has benefitted from its major shareholding in internet service provider iiNet as it today boosted its half year net profit by 38 per cent.
Nedlands-based internet technology developer Ezenet says it has accepted a conditional proposal for the sale of its digital movie business arm, Ezestream, for $3.1 million.
Clough says it will ramp up its position in the oil and gas sector after it agreed to sell its majority stake in Indonesian subsidiary PT Petrosea Tbk for $129 million.
TFS Corporation says it is on track to achieve at least 15 per cent growth in net cash earnings for the 2009 financial year as it today booked a $5.2 million half-year net profit after tax.
Swick Mining Services has revealed it cut staff numbers by 120 late last year to match a sharp fall in demand for its drill rigs as it delivers a 30 per cent fall in its interim net profit.
A lower than anticipated performance from Alinta and other operating businesses has prompted Babcock & Brown Power to revise down its full year earnings.
The buoyancy of the oil and gas sector in the current economic climate has helped deliver record revenues and profit for the half year for Neptune Marine Services.
Po Valley Energy has secured three-years of forward sales from two of its Italian gas fields, valued at around $150 million, after signing a second offtake deal with Elettrogas.
Wealth management company Plan B Group Holdings has paid some $7 million in cash and scrip to acquire a majority interest in Melbourne-based wealth advisory business, Strategic Financial Management.
MACMAHON Holdings director John Massey has seized on the company's declining share price to bolster his interest in the stock, a day after the release of a subdued interim report.
Drilling contractor Ausdrill has delivered a record net profit after tax of $25 million for the first half of fiscal 2009, up 52 per cent on the previous corresponding period.
At least 10,000 jobs are forecast to go in Western Australia over the next 18 months as an economic forecaster projects a 50 per cent fall in mining investments over the next two years.
After investing significant capital on expansion plans and increasing the size of its sales team, Little World Beverages has booked a 28.5 per cent rise in net profit after tax for the first half of fiscal 2009.
Nomad Building Solutions has revised down its full year net profit forecast for the third time after reporting a 62 per cent slump in its interim earnings.
Chevron Corporation says it is a step closer to commercialising its Wheatstone project after exploration of two natural gas fields showed there were enough resources to support a two-train development.
Fortescue Metals Group has warned it could take at least a $US171 million ($A264 million) hit from suspended shipping contracts but says talks with Chinese entities for equity investment and a hybrid funding package are progressing.
Nickel miner Independence Group's net profit has slumped 99.7 per cent to $123,000 as it takes a hit from falling commodity prices and a $9.1 million write down in listed investments.
Industrial software developer ISS Group has reported a strong 52 per cent increase in half-year net profit to $1.2 million on the back of a similar 54 per cent lift in revenue.
South Perth-based Oropa is set to capitalise on the burgeoning gold market by re-focusing its activities towards the precious metal and rationalising its non-gold assets.
Perth-based Focus Minerals plans to raise up to $28 million in two separate raisings, with the majority of funds to go towards the refurbishment of a treatment facility at its Coolgardie gold project.
