BGC Australia has returned to the black after two years of big losses, helped by major asset sales, but acknowledged its continuing operations are still trading in the red.
The boss of residential building company JWH has criticised the state government's proposed legislation around the Iplex pipes issue, echoing concerns of industry.
Iplex Pipelines and the state government have agreed to provide up to $150 million as part of an industry deal to repair damaged houses but BGC Australia is not participating.
The Perth home builder's legal move is additional to a class action against pipe manufacturer Iplex and comes after it spent $18 million repairing damaged properties.
The company at the centre of a long-running dispute with Perth home builder BGC over responsibility for thousands of burst pipes has been hit with a class action.
Fletcher Building is holding firm on its stance that plumbing issues in thousands of BGC-built homes in Perth were caused by installation failures as the company announced a loss of $120 million.
Fletcher Building says the mass failure of plumbing pipes it manufactured are confined to the Perth market and asserted the problem lies with defective installation.
The state government's Building and Energy department has released its findings from an investigation over pipe leaks across Perth homes, with the results welcomed by builder BGC.
The federal government has announced grants to three big timber processing companies in WA in another sign the industry's future rests with softwood plantation timber.
WA's largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.
