A loss of over $9 million from its waste renewable division has impacted Perth-based engineering company GRD Ltd’s half-year earnings, which slumped to a loss of $438,000.
Australia's top companies are failing to follow global guidelines on bribery and corruption reporting and fall short of world's best practice, according to research by the Association of Chartered Certified Accountants and Net Balance Foundation Ltd.
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Investors trying to pick the next big thing in the resources boom poured their money into a diverse group of Western Australian companies last year, including iron ore, coal and phosphate stocks.
Whether or not you are a fan of the Olympic Games, this wonderful event does highlight the competitiveness of nations, exposing what can be achieved by investment of resources and exploitation of natural advantages.
Uranium miner Paladin Energy and iron ore miner Fortescue Metals Group have for the third year running maintained their status as the top performing Western Australian stocks, based on rolling five-year returns.
The recent decision by two of Western Australia's microbrewers to sell up could present growth opportunities for the industry's remaining players, according to Gage Roads CEO Nick Hayler.
The Australian Competition and Consumer Commission has been forced to take a tougher stance on accepting undertakings during mergers following examples of businesses acting in bad faith, commission chairman Graeme Samuel said last week.
A number of mining services companies have posted record profits for 2007-08, reinforcing the state's position as an emerging global centre for high-calibre mining services companies.
Perth-based agricultural investment manager Great Southern Ltd has announced a major restructure of its business that would involve the company raising $438 million by buying out the interests of investors.
Whether or not you are a fan of the Olympic Games, this wonderful event does highlight the competitiveness of nations, exposing what can be achieved by investment of resources and exploitation of natural advantages.
Liberal Party leader Colin Barnett's commitment to increased education spending was one of the few standouts in the third week of the state election campaign, which has continued to be a lacklustre affair.
He's worked as a lawyer, played Australian rules football at the highest level, and has spent the past 20 years as a trade commissioner and private consultant helping Western companies do business in China.
Rio Tinto Ltd, the world's third largest mining company, has forecast higher prices for the company's core commodities of iron, alumina and copper after delivering a record first half profit.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
Despite the downturn in the residential property sector during the past eight months, three Western Australian developers have posted increased profits for the year to June.
Kwinana-based engineering and fabrication company Ausgroup Ltd has reported a fall in annual profit despite achieving a big increase in revenue and having a record order book.
Macmahon Holdings Ltd has further strengthened its takeover bid for Ausdrill Ltd, waiving several conditions and allowing shareholders to keep the final six cents dividend.
The downturn in the financial sector has hit West Perth-based financial services company Centrepoint Alliance Ltd, which today reported an $11.8 million goodwill writedown and a full year net loss of $9.5 million.
Despite forecasting a profit growth in excess of $40 million for the 2008 financial year, Western Australian property developer Port Bouvard Ltd has reported an 88 per cent slump in net profit to $3.2 million.
A number of acquisitions over the 2008 financial year have driven Cash Converters International Ltd's net profit up 31 per cent to a record of over $15 million.
Gage Roads has posted a net loss after tax of $3.62 million for fiscal 2008 compared to $3.07 million in 2007, reflecting increased marketing and personnel expenditure against a background of flat sales growth.
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The managing director of earthmoving and mining equipment supplier Emeco Holdings Ltd has described the company's full-year performance as a "tale of two halves" as it booked a net profit decline of 10 per cent.
The state Labor Party has sought to capitalise on community concern over uranium mining, promising to introduce legislation banning the controversial practice if re-elected next month.
