Civil and mining contractor Brierty has revised its earming guidance for the financial year ended June 30 2011, and now expects full year net profit after tax will be in the range of break even to $750,000.
Gindalbie Metals says its Karara iron ore development has made a significant step towards full-scale production after awarding mining contractor Brierty a $185 million contract for hematite mining services at the Mid West project.
Civil contractor Brierty has won an $18 million contract with Mount Gibson Iron for the construction of a haul road to the Extension Hill mine site located 260 kilometres south east of Geraldton.
Civil and mining contractor Brierty has today reported a 52 per cent drop in its first-half net profit as Fleetwood Corporation managing director Bob McKinnon prepares to take over from Harvey Collins when he steps down from Brierty's board.
Civil contractor Brierty says it has secured new contracts worth more than $20 million, including the rehabilition of a Kimberley mine for a company jointly owned by Xstrata and Teck Resources.
Civil contractor Brierty has secured a new $13.4 million civil works contract with BHP Billiton Worsley Alumina in the South West of Western Australia.
Civil contractor Brierty has secured more than $35 million worth of contracts with long-term customers, including Fortescue Metals Group and Main Roads WA, during the September quarter.
Civil contractor Brierty has secured two Pilbara road contracts, valued at a total of $19 million, as it appoints chief executive Stuart Crofts to the board as managing director.
Civil contractor Brierty has warned shareholders of a slower second half for the 2009 financial year as customers, including Fortescue Metals Group, defer work.
Civil contractor Brierty Ltd has secured a Northern Territory housing works contract with developer Urban Pacific valued at around $38 million over five years.
Maddington-based civil contractor Brierty Ltd has signed a letter of intent with iron ore miner Fortescue Metals Group for further major earthworks at its port development at Port Hedland in the Pilbara.
Contracting group Brierty Ltd today announced its second profit revision in six weeks, slashing its forecast to $3.6 million after tax, and the resignation of founder Alan Brierty as managing director to focus on the operational side of the business.
Shares in Maddington-based civil construction company Brierty Ltd plummeted today following a profit downgrade of as much as 20 per cent, just four months after listing on the ASX.
Civil construction firm Brierty Ltd has been marked down more than 5 per cent by the market today, on news that it had ended an acquisition deal and delivered an interim result which it says puts it on track to meet its prospectus forecast.
Shares in Brierty Ltd have debuted at a 75 per cent premium to its $1 issue price as it revealed it was in exclusive negotiations to buy WA civil contractor Wormall Pty Ltd for between $55 million and $60 million.
