Scooter manufacturer Vmoto has delivered its fourth successive year of revenue growth but has posted a $4 million loss for the 2009 financial year, largely attributable to the development of its new facility in China.
Brandrill has reported a 75 per cent slump in its full-year net profit on the back of a steep fall in revenues and tightening of competitive pressures on margins in the second half of the 2009 financial year.
West Perth-based Northern Iron plans to raise $61.4 million through a rights issue and has selected a new chief executive following a cost blowout at its iron ore project in Norway.
VDM Group has reported a loss of $106 million for the 2009 financial year on the back of hefty writedowns coupled with weak business confidence and highly competitive tendering.
The state government is to create a new department dedicated to training and will rebrand Tafe colleges as part of plans to ensure the state's skills base has the appropriate attention as WA gears up for a big rise in economic activity.
Miner Perilya has described fiscal 2009 as a "tale of two halves" with the first half recording a $77.2 million net loss while a new operating plan resulted in a $2.1 million net profit in the second half.
East Perth-based Metals X will pocket more than $16 million after its largest shareholder, Hong Kong company APAC Resources, agreed to lift its interest to 28.3 per cent.
WA Attorney General Christian Porter says he is extremely disappointed at a federal government decision to withhold a new native title funding agreement that would have made way for speedier settlements.
Exploration expenses have dug a deep hole in Atlas Iron's bottom line, with the miner today reporting a $63.1 million net loss for the 2009 financial year.
Rural services provider Elders is to conduct a capital raising as part of a refinancing and recapitalisation of the company as it sells subsidiary, ITC Timber, to Gunns for $100 million.
Ramelius Resources is pressing ahead with its takeover offer for WA goldfields neighbour Dioro Exploration, even though Avoca Resources has snared 44 per cent of Dioro..
Shares in Perth-based engineering group Forge Group soared over 13 per cent today, after it smashed its full year earnings forecast to book a net profit of $15.6 million for the financial year, a 100 per cent increase on its 2008 result.
Perth-based mortgage originator, Homeloans has posted a record statutory net profit after tax of $7.2m for the year ended 30 June 2009, turning round a statutory net loss of $12.5 million last year amid lower lending volumes.
Perth company Liquified Natural Gas has appointed CB&I as project management consultant for its planned three million tonne per annum LNG project at Fisherman's Landing in Queensland.
Engineering services provider RCR Tomlinson has posted a profit of $13.95 million for the year to June 30, falling 22 per cent on last year's $17.9 million despite its sixth consecutive year of record sales.
International recruitment firm Total Staffing Solutions is set to merge with blue collar recruitment company Humanis Group, which owns Westaff, in a deal worth up to $9.24 million to create a mid tier Australasian labour hire provider.
Construction contractor John Holland Group has blasted its way into WA's booming oil and gas sector with a $160 million contract to build Apache Energy's Devil Creek gas plant in the Pilbara, snaring work originally to be undertaken by Clough.
Gillard delays pain on penalties; Crown jewels turn to paste; PM revamps stimulus package; Virgin Blue posts $160m loss; Mining services groups surprise on the upside
Audax Resources has completed a capital raising worth more than $2.5 million from sophisticated and institutional investors, including a London fund and clients of another London firm for a drilling program in Tunisia.
Gold miner Resolute Mining Group has turned last year's $56 million loss into an after tax profit of $27.4 million in FY2009, including an unrealised treasury gain of $1.1 million, on the back of increased revenues, production and gold cash costs.
Automotive Technology Group has formed an agreement with Perth businessman, Michael Wilson to raise up to $6.2 million for the company in a two-part deal involving an entitlement issue and a share placement.
Modular and transportable buildings manufacturer, Nomad Building Solutions posted an overall profit of $13.3 million following the economic downturn negatively impacting its clients' investment decisions and an impairment charge of $6.8 million.
Wesfarmers today announced two new board appointments including Perth-based Diane Smith-Gander and retail expert Archie Norman, as well as changes to its corporate affairs team.
After superannuation funds were hammered at the hands of the global economic downturn, it seems Western Australians are the most reluctant to believe their retirement nest eggs will ever return to their former glory, a survey has found.
Junior gold producer, Troy Resources has made a remarkable recovery after suffering a severe loss last year, posting a $16.7 million profit amid enhanced gold production and increased revenue.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
Gaming group Crown posted a loss of $1.2 billion FY2009 after writing down the value of its US assets due to the downturn but says it will focus on its Australian and Macau assets following strong performances from its Burswood and Crown casinos.
Shares in diversified miner OZ Minerals have fallen almost five per cent this morning after posting a heavy first half loss, following the sale of many of its assets and a lower copper price, but says it is in a strong financial position.
Sage chases backing for $200m Lady Annie float; Australia Post in $700m shake-up; Media moguls face off; PM's cash cure fails to lure nurses; Long haul for Asciano with gloomy outlook
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
