Construction services outfit Global Construction Services has increased profits by more than 10 per cent for the year to June 30, climbing above $10 million despite a softening construction market especially in the residential segment.
Australia and New Zealand have joined forces in bidding for the $2.5 billion Square Kilometre Array (SKA) project for the state's Mid-West following discussions yesterday about rekindling the ANZAC spirit in terms of military alignment.
Australia's largest independently-owned mortgage broker, Mortgage Choice has been squeezed by the volatile housing finance market to post a net profit after tax on a cash basis of $13 million, a 23.9 per cent decrease on the FY08.
Wesfarmers flayed despite big profit; Rio resists playing the Hu card; Future Fund stake in Telstra on the block; Union at war over penalties; Super funds face $2bn cut in fees
The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.
Straits Resources is poised to sell two of its Pilbara base metal projects to West Leederville-based mineral exploration company, Venturex Resources in return for a substantial shareholding as part of a deal worth up to $11 million.
National property developer Peet has announced strong results in its year end profit statement, with an operating profit after tax of $31.2 million, excluding revaluation of assets.
The state's only listed financial planning firm, Plan B Group Holdings, suffered a tough year as falling equity markets eroded profits right across the financial services sector.
Nickel miner Mincor Resources has recovered from a big first-half loss to post a modest profit in the second half of the finacial year but it was not enough to save the group from an annual loss of $16 million.
Directors of Polaris Metals have recommended its shareholders accept an off-market takeover bid worth up to $67 million from mining services outfit, Mineral Resources, subject to an independent expert assessment and in the absence of a superior offer.
Gold producer, Avoca Resources managed to raise its stake in takeover target Dioro Exploration to more than 44 per cent by the close of business yesterday, ending the four-month acquisition proposal.
Garrett last Gorgon bar; Qantas to jettison $1.5bn in costs; State tax in reform mix, says Henry; Write-downs cruel Iluka result as zircon sales fall; Major store deals 'real barrier to competition'
A MOVE by Perth businessman Gordon Martin to bankroll a $20 million "rescue package" for Great Southern investors is widely expected to be the first of several competing proposals to be lodged in the coming weeks.
THE defunct Riverside Pier Hotel project at Barrack Square is to be sold within three months, as the corporate regulator circles the company that tipped investors into the failed development.
OLDER office buildings in the Perth CBD are likely to require a major overhaul, as rising vacancies and new office blocks threaten their ability to maintain and attract tenants.
THE International Accounting Standards Board has issued an international financial reporting standard for small and medium-sized enterprises, which are estimated to represent more than 95 per cent
AS belts tighten across the board and budgets are intensely scrutinised, early stage company executives are finding it harder to attain the necessary capital to progress their projects.
THE impact of the global financial crisis on the drilling industry was painted in stark relief this week in a flurry of news from key players in the sector.
THREE directors from global education services provider Navitas have pocketed a combined $18.6 million from the sale of more than 6 million shares following the release last week of another strong profit.
CURRENCY fluctuations during the past 13 months have made tough economic times a nd difficult trading conditions even more so, but experts suggest there are ways to combat the turbulence.
Gold producer, Avoca Resources may have secured a victory in the final hours of its bid for Goldfields miner Dioro Exploration, raising its stake in Dioro to just over 36 per cent after a UK fund manager relinquished its hefty interest in the miner.
Globe Metals & Mining has teamed up with South African engineering outfit, Thuthuka Group to invest $US10.6 million into Globe's Kanyika Niobium Project, in return Thuthuka will receive a 25 per cent stake in the project.
Gold exploration company Tianshan Goldfields has agreed to sell all of its Chinese assets to Hong Kong-based company China Power Sino Renewable Resources for $US22.5M.
