Schaffer Corporation has withdrawn guidance for its automotive leather division after a luxury vehicle brand was hit by a cyber incident which halted production.
Having ‘gone stealth' to validate its tech and build customer relationships, a Perth company has secured key partnerships with local and global businesses.
ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.
Mining technology company Imdex is the latest addition to the BN30 index, Business News's Western Australian equivalent of the Dow Jones index on the New York Stock Exchange.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
Schaffer Corporation has reported a 57 per cent slide in first-half profit to $2.1 million, but chairman John Schaffer said the underlying strength of the company helped it maintain an interim dividend of 12 cents per share.
Diversified industrial group Schaffer Corporation has posted an 18 per cent full-year profit reduction on the back of a goodwill write-down and proceeds of an insurance claim.
Diversified industrial group Schaffer Corporation has posted a 7 per cent half-year profit reduction on the back of a goodwill impairment in the company's building products division.
One of Western Australia's oldest listed companies, Schaffer Corporation, held its 50th annual general meeting today, celebrating an unbroken run of providing dividends to shareholders.
Diversified industrial group Schaffer Corporation has announced a 118 per cent spike in interim net profit, led by a strong result by its automotive leather division.
Schaffer Corporation has posted a $4.5 million net profit after tax for the 2010 financial year, 57 per cent down on the company's earnings last financial year.
Diversified industrial group Schaffer Corporation says a combination of factors inculding the ongoing volatility of the Australian dollar has made forecasting difficult as it today booked a 7 per cent increase in first-half net profit to $3.6 million.
Automobile components and building materials manufacturer, Schaffer Corporation has posted a profit of $10.5 million for the year to June 30, down 4 per cent on last year's results against a 13 per cent fall in group revenue.
The falling Australian dollar has impacted Schaffer Corporation's bottom line with the industrial company today reporting a 42 per cent drop in its interim net profit.
The falling Australian dollar could play out nicely for industrial company Schaffer Corporation Ltd, which last week posted a 6 per cent increase in net profit to $11 million for the 2008 financial year.
West Perth-based industrial company Schaffer Corporation Ltd has announced a net profit increase of 26 per cent to $10.3 million for the 2006-07 financial year, up from the $8.1 million earned in the previous financial year.
West Perth-based industrial company Schaffer Corporation Ltd will acquire limestone block company Archistone Pty Ltd for an enterprise value of $7.75 million, the company has announced.
West Perth-based industrial company Schaffer Corporation Ltd has announced a 44 per cent increase on its first half net profit after tax to $5.2 million, from $3.6 million in the previous corresponding period.
DIVERSIFIED industrial group Schaffer Corporation provided earnings details to the market this week. Schaffer recorded a net profit after tax of $9.9 million for the year to June 30.
INVESTORS who want to get a feel for Schaffer Corporation's business should drop into a BMW showroom and run their hands over the leather seats in a 7 series model.
TWO Perth companies worth keeping a close eye on at the moment are Schaffer Corporation and Loftus Pooled Development, companies that are related through mutual directors.
