Engineering group RCR Tomlinson says its $140 million purchase of infrastructure business Norfolk Group is paying dividends, announcing a 14 per cent increase in half-year net profit.
RCR Tomlinson says it's confident its newly acquired infrastructure business will provide significant growth in the year ahead as the company looks to diversify its revenue streams.
Mining services contractors have slashed thousands of jobs as the slowdown in the resources sector piles pressure on companies to cut costs after several years of growth.
Shares in takeover target Norfolk Group were up strongly today after bad news on a contract termination was outweighed by the disclosure that its takeover price could be nearly twice the 38 cents p
Engineering contractor Norfolk Group says it will resume looking for a takeover partner at the end of the financial year after it was unable to secure a suitable offer from several interested parti
Norfolk Group has won a $56 million contract to provide a radio-based rail signalling system for GE, at Fortescue Metals Group's track duplication project between Port Hedland and the Christmas Cre
Engineering company Norfolk Group has signed an $82 million contract with BHP Billiton for work on rail signalling systems in the Pilbara region of Western Australia.
Engineering company Monadelphous Group has spent close to $4 million building up a 12.4 per cent stake in listed services company Norfolk Group as part of its diversification strategy.
