Peter McBain has stepped down as chief executive of mining and civil contractor Brierty after a series of financial and operational setbacks, and will be replaced by the company's chief operating officer.
Troubled civil and construction contractor Brierty's forecast net loss has doubled to $12 million, with the company also revealing the cost on a project with Main Roads Western Australia has now blown out to about $22 million.
Brierty has been unable to resolve a $9.1 million contract dispute with Main Roads WA ahead of today's deadline for it to lodge its financial results, with the civil and construction contractor rep
Shares in local diversified contractor Brierty slumped after it flagged a $6 million hit to its profit result on the back of a cost blowout on a Mains Road WA project.
Business News shines a light on four businesses operating in WA that have achieved the highest level of national recognition for increasing opportunities for indigenous Australians.
The $54.1 million contract for the pedestrian bridge near Perth Stadium is a colourful highlight in an uncertain market. Click through to see more on our Infrastructure feature.
Donations totalling more than $200,000 have been made in the past two days ahead of tonight's CEO Sleepout fundraiser, but organiser St Vincent de Paul Society of WA is still hoping a final surge in contributions will exceed the $1 million mark.
Mining and civil contractor Brierty has become just the sixth organisation nationally and the first in its industry to obtain the top ‘Elevate' ranking for its Reconciliation Action Plan.
LandCorp has awarded Perth-based contractor Brierty an $11 million contract to build the first stage of its Broome Road Industrial Park in the Kimberley.
Shares in Perth-based contractor Brierty slumped after it announced a 7 per cent slide in first-half profit to $4.06 million, as competitiveness ramps up in the sector.
A joint venture between contractors Brierty and Bocol Constructions has won a $69 million contract to upgrade a section of the North West Coastal Highway in the Gascoyne and Pilbara regions.
Construction contractor Brierty has declared a fully franked special dividend of 8 cents per share, while resolving to raise up to $8.25 million through a 16.5 million share placement.
Construction contractor Brierty has announced a full-year profit of $9.9 million, a 3 per cent fall from $10.2 million last year, after meeting revenue expectations of $251.1 million.
Shares in diversified contractor Brierty have risen 18 per cent following news it expects total revenue of around $250 million for the 2013-14 financial year.
Brierty and three Aboriginal contracting firms have won a $300 million contract with Rio Tinto to complete mining and civil works on a project in the Pilbara.
Contractor Brierty has posted a 19 per cent half-year profit reduction as increased competition in the company's civil construction division squeezed its margins.
