Staff Reporters

Schaffer Corporation has posted a $4.5 million net profit after tax for the 2010 financial year, 57 per cent down on the company's earnings last financial year.

Cape Lambert Resources has completed a $7.7 million acquisition of the Leichhardt Copper Project in Queensland from Matrix Metals.

Apartment developer Finbar Group has announced a record $23.6 million profit after tax for the 2010 financial year.

Maddington-based Brierty has secured a $10.8 million contract to upgrade the access road to Gindalbie Metals' Karara Iron Ore project in the mid west.

Welshpool-based NRW has announced a $112 million contract extension with Fortescue Metals Group and reaffirmed its 2010 profit guidance.

Two Ian Burston-chaired explorers, Carrick Gold and Condor Nickel, have lured the founder of Sydney-based funds manager Equitilink, Laurence Freedman, to join their boards as a non-executive director.

Cash Converters International has announced it has acquired 13 franchised stores in the eastern states for $21.9 million.

IT services company ASG Group has extended its contract with the WA treasury department's shared services unit, which will deliver at least $16 million in revenue per year.

Nomad Building Solutions has announced a $61 million loss for the 2010 financial year based on an $8 million operating loss and large writedowns of goodwill and fixed assets.

Forge Group has announced it made a net profit of $29.5 million for the 2010 financial year, an increase of 89 per cent.

The state government has announced a deal between Tourism WA and Jetstar which it expects will increase visitors to WA from the east coast.

Alinta Energy has announced it expects a $465 million write-down in the value of its assets when it finalises its latest accounts, with most of the loss attributable to its WA retail business.

The Department of Housing has selected Diploma Group as its preferred partner for a new $35 million residential and commercial development in West Perth.

Grange Resources says its Southdown iron ore project is a step closer after the Environment Minister gave the go-ahead for the expansion of the Albany Port.

Aspiring gold producer Dampier Gold has closed its $20 million initial public offer early and oversubscribed.

Brumby Resources has announced plans to raise $2.61 million through a share placement which it will devote to its McArthur River Basin tenement in the Northern Territory.

Perth-based engineering and fabrication company AusGroup has foreshadowed an unspecified fourth-quarter loss as a result of writing-down the goodwill in its Singapore subsidiary Cactus Engineering & Trading.

Gindalbie Metals has received final regulatory approval for the Karara Iron Ore Project allowing it to complete the initial drawdown under the US$1.2 billion Project Loan Facility.

Print franchise, Snap, has unveiled ambitious plans to increase revenue by 16 per cent over the next three years.

Mundaring Village Shopping Centre has been sold to a local syndicate for $19.4 million.

One of the state's largest co-operatives, Ravensdown has recorded mixed results for the end of financial year, increasing its Australian sales by 54 per cent but recording $4.8 million loss from operating activities.

General manager of HBF Health, Sheila Hood, has been appointed to the Lotterywest Board.

Atlantic has announced it will pick up the last 10 per cent of the Vanadium Windimurra project in the Mid West allowing it to take control of the project.

Western Australia's best entrepreneurs were recognised at the 10th annual Ernst & Young Entrepreneur Of The Year Awards held in Perth last night.

Bunnings Warehouse has recorded a strong upturn in operating profit of 24.6 per cent to $50.4 million for the 2010 financial year.

WA builders are being invited by the state government to bid to construct display homes in Broome.

Ramelius Resources has announced an "unexpected substantial increase" in its profits to $28.7 million for the 2010 financial year.

Copper development company Marengo Mining has completed a $24.1 million capital raising.

West Perth-based Altona Mining has commenced trading on the Australian Securities Exchange after the company changed its name.

Uranium explorer Extract Resources has announced that a resource upgrade at its Rossing South project in Africa has lifted it to the sixth largest deposit in the world.

The CEO of civil contractor Brierty, Stuart Crofts, has resigned following discussions about the company's future direction and strategy.

Retailer Ed Hardy has been placed in voluntary administration.