Aurox Resources says it has secured a $10 million equity placement facility with US-based investment fund YA Global Master SPV, which will reduce the Subiaco-based company's medium-term funding risk.
Perth-based Resolute Mining plans to raise up to $35 million through a convertible notes placement as it enters a conditional agreement Barclays Bank to restructure its debt facilities.
Fremantle Ports has embarked on its biggest infrastructure project for decades with the $250 million deepening of the inner habour to cater for bigger ships.
Delays have prompted Stirling-based ComputerCORP to terminate its acquisition of private east coast outfit S Central while it seals the deal on another purchase.
West Perth-based Marengo Mining has welcomed several global investment funds, including Soros Funds Management, onto its register after it raised more than $16 million through a share placement in North America.
The state's largest health insurer HBF is forecasting a loss of $115 million for the 2009 financial year but says it has strong financial reserves, accumulated during recent years, to weather the financial downturn.
Perth-based business publisher Aspermont has posted a solid increase in revenue and underlying earnings but one-off restructuring costs have pushed its net result to a loss of $484,000.
More than a third of the state's small business operators are unsure whether their business is governed by state or federal industrial relations laws, a Small Business Development Corporation survey has found.
Ratings agency Standard & Poor's has suggested that state-owned energy retailer Synergy 's credit rating is likely to come under pressure when the government proceeds with changes to its power purchase contracts.
Balcatta-based Conquest Mining says it is currently in negotiations for an $80 million debt facility as it receives an offtake proposal from a Chinese smelter for its Silver Hill gold-silver-copper project.
Scooter manufacturer Vmoto has delivered its fourth successive year of revenue growth but has posted a $4 million loss for the 2009 financial year, largely attributable to the development of its new facility in China.
Brandrill has reported a 75 per cent slump in its full-year net profit on the back of a steep fall in revenues and tightening of competitive pressures on margins in the second half of the 2009 financial year.
VDM Group has reported a loss of $106 million for the 2009 financial year on the back of hefty writedowns coupled with weak business confidence and highly competitive tendering.
Ramelius Resources is pressing ahead with its takeover offer for WA goldfields neighbour Dioro Exploration, even though Avoca Resources has snared 44 per cent of Dioro..
Perth-based mortgage originator, Homeloans has posted a record statutory net profit after tax of $7.2m for the year ended 30 June 2009, turning round a statutory net loss of $12.5 million last year amid lower lending volumes.
Mineral sands miner Iluka has received a boost in its share value today after it reached a settlement with engineering outfit Downer EDI and secured an $8.6 million insurance payout from last year's Varanus Island gas outage.
Perth company Liquified Natural Gas has appointed CB&I as project management consultant for its planned three million tonne per annum LNG project at Fisherman's Landing in Queensland.
Engineering services provider RCR Tomlinson has posted a profit of $13.95 million for the year to June 30, falling 22 per cent on last year's $17.9 million despite its sixth consecutive year of record sales.
Construction contractor John Holland Group has blasted its way into WA's booming oil and gas sector with a $160 million contract to build Apache Energy's Devil Creek gas plant in the Pilbara, snaring work originally to be undertaken by Clough.
Engineering and infrastructure services outfit Downer EDI has expanded its mechanical, construction and maintenance business with the acquisition of Kwinana-based Western Construction.
Gold miner Resolute Mining Group has turned last year's $56 million loss into an after tax profit of $27.4 million in FY2009, including an unrealised treasury gain of $1.1 million, on the back of increased revenues, production and gold cash costs.
Heavy equipment sales and rental company, Emeco Holdings has posted a net profit after tax of $13.3 million for the year to June 30, a fall of 14.5 per cent, which included significant one-off impairment and restructuring charges.
Cash Converters has posted a record profit of $16.2 million for the year to June 30, a gain of 6.5 per cent, on the back of healthy revenue growth driven by increased personal loans, financial services commission and corporate store revenue.
Uranium exploration company, Extract Resources has launched a $91 million capital raising via a non-renounceable rights issue and private placement to institutional investors to accelerate exploration activities at its Rossing South project in Namibia.
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.
Dramatic drops in key commodity prices, and the effect of the economic downturn, have impacted heavily upon the bottom line of exploration and mining outift, Kagara.
Reed Resources has raised $6.4 million and will raise a further $4.5 million in a share purchase plan to step up exploration and development activities on three separate projects.
The West Australian Meat Marketing Cooperative's (WAMMCO) profits fell dramatically to $1.3 million for the year to June 30 depsite a record turnover, eclipsing the $100 million mark for the first time.
