Staff Reporters

West Perth-based Centrepoint Alliance has recorded a $559,000 net profit after tax for the 2010 financial year.

Campbell Brothers has increased its takeover bid for Perth-based metallurgical testing specialist Ammtec to $3.80 per share from $3.35 per share.

New home sales fell in Western Australia by two per cent during July according to the latest HIA-Jeld-Wen New Home Sales survey released today.

Resolute Mining has lifted its underlying profits by 28 per cent during the 2010 financial year to $36 million but still recorded a loss of $56.6 million.

Engineering services group Emerson Stewart has announced an unaudited net loss after tax of $1.72 million for the 2010 financial year.

Information and communication technology group, Synergy Plus has recorded a $140,000 net profit after tax for the 2010 financial year.

Neptune Marine Services has reported a sharp drop in full year net profit after a downturn in two of its key markets.

Centro Retail Group, which owns 19 shopping centres in WA, has returned to profitability due to more stable property valuations for its shopping centres in Australia and the United States.

Nickel miner Independence Group has eclipsed its annual net profit forecast, mainly due to higher prices for the metal.

Perth-based property finance group Homeloans has announced a 10 per cent jump in normalised net profit after tax to $9.2 million.

Orbital has posted a $4.5 million net profit after tax for the 2010 finanial year compared to a $2.5 million loss this time last year.

VDM Group has recorded an after tax profit for the 2010 financial year of $16.8 million, on revenue of $521.3 million.

Specialist drilling company Coretrack has appointed former Liberal Opposition Leader Matt Birney as independent non-executive chairman.

Gold producer Troy Resources has announced a loss of $6.7 million for 2010 compared to a profit of $16.7 million in 2009, as the company focuses on the development of its new mine in Argentina.

The decision by Perth oil and gas producer Tap Oil to relinquish an offshore exploration permit in the Philippines has seen the company record an $18 million loss.

Two Tony Sage-led companies African Petroleum and International Petroleum are to de-list from the Australian Securities Exchange and trade solely on the Newcastle Stock Exchange.

Emerging iron ore producer Atlas Iron has increased its sale revenue to $84.8 million during the 2010 financial year up from $26.4 million in 2009.

Land developer Peet has recorded a 250 per cent jump in its net profit after tax to $42.1 million.

The Coalition has pulled ahead of Labor in two crucial seats as counting of federal election votes continues.

Nickel sulphide producer Panoramic Resources has increased its net profit after tax for the 2010 financial year from $50.6 million to $56.2 million.

Skywest Airlines expects to post a $7.46 million net profit after tax for the 2010 financial year.

The owner of the state's gas and electricity retail business, Alinta Energy, has recorded a $577 million loss after tax for the 2010 financial year, mainly due to a full year impairment charge of $670 million.

US company Monsanto, best known for developing genetically engineered seed, has taken a 20 per cent minority interest in WA-based cereal breeding company InterGrain.

BGC Construction has been awarded the $58 million construction contract for the new Perth Police Complex.

Iron ore miner Fortescue Metals Group has posted a 14 per cent rise in annual net profit and a surge in shipments of the steelmaking commodity.

Decmil Group has posted a 55 per cent increase in net profit after tax for the 2010 financial year up to $19 million.

Burswood Casino owner Crown has returned positive results for the year despite its Melbourne and Burswood operations being adversely impacted by renovation work and negative consumer sentiment.

Troubled property developer Port Bouvard has blamed cancelling the acquisition of land at Gidgegannup for a $26 million net loss after tax for the 2010 financial year.

Ausdrill has recorded a 16 per cent jump in profits to $48.2 million for the 2010 financial year.

Pilbara-focused minerals outfit Fox Resources has signed a joint venture agreement with Breeton for its Mt Oscar project.

Jolimont-based Hire Intelligence International has posted a $1 million profit for the 2010 financial year, down from $1.3 million for the previous corresponding period.

Little World Beverages has recorded a 51 per cent increase in net profit, to $6.8 million for the 2010 financial year.