Ryan Stokes-led diversified business SGH recorded a 5 per cent post-tax statutory net profit increase to $486 million last financial year, led by upticks at concrete maker Boral and Westrac.
The strong performance of Seven Group Holdings' industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.
Advisers have been appointed for a potential sale of Seven Group's share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.
Ron Manners, Colin Beckett and Denise Goldsworthy were among the 68 Western Australians recognised in this year's Queen's Birthday Honours list along with Seven West's Ryan Stokes, who was awarded for his services to the media industry.
Seven Group Holdings has withdrawn its market guidance on the back of falling advertising revenue and declining oil prices, on the same day that Seven West Media criticised a report it was entertaining a prospective sale of West Australian Newspapers Holdings.
Seven Group Holdings has reported a 40 per cent surge in full-year underlying earnings but a $291 million write-down in the value of its media business, which hit its bottom line.
Seven Group Holdings has raised $375 million to help it buy the remainder of equipment hire company Coates Hire, and plans to tap investors for a further $25 million.
Former WesTrac chief executive Jim Walker is set to step up to the role of chairman at Macmahon Holdings, replacing incumbent chair Ken Scott-Mackenzie who will retire next month.
