Staff Reporters

Neptune Marine Services has secured a 14 month contract extension to its involvement with the Gorgon Project after being awarded two new contracts worth $12 million.

A former University of Western Australia employee has been jailed for 16 months after pleading guilty to stealing more than $50,000 from the university.

Litigation fund manager IMF Australia has recorded an $11.9 million profit for the 2010 financial year, down from $20.7 million for the previous corresponding period.

Cash Converters has recorded a record profit of $21.6 million for the 2010 financial year after buying 13 stores in Australia and the UK.

Perth-based engineering and fabrication company AusGroup has recorded a $111.5 million fall in revenue for the 2010 financial year.

Southern Cross Electrical Engineering has recorded a 39.7 per cent fall in annual profits for the 2010 financial year.

Fibre network provider Amcom Telecommunications has posted a 43 per cent increase in its net profit after tax.

Property developer Cedar Woods has recorded a $17.2 million net profit after tax for the 2010 financial year, up 86 per cent on the previous year.

Perth-based Mako Energy has listed on the Australian Securities Exchange after completing capital raising of $4 million.

Civil contractor Brierty has posted a $5 million net profit after tax for the 2010 financial year.

Perth-based Lycopodium has announced its 2010 financial year profit was up 13.3 per cent to $16 million.

Diploma Group has been appointed to build the $11 million Fort Knox Stage 1 development at Fremantle for property developer Match Group.

Perth-based Eden Energy hopes to raise $2 million through a share placement plan to fund general capital works.

Electrical engineering company LogiCamms has posted a $5.6 million statutory net profit after tax for the 2010 financial year, up 10 per cent on last year.

West Perth-based Altona Mining has announced it will become a major shareholder in Syndicated Metals after agreeing to divest a number of exploration licenses in Mount Isa to the company.

Property investment and funds manager Aspen Group has announced a full year operating profit after tax of $33.6 million up slightly from $33.2 million last year.

An independent group of experts has been appointed by the state government to provide high-level advice on how to employ a world's best uranium sector regulatory framework.

Aquarius Platinum has paid about $12 million to former contractor Moolman Mining to settle a four-year dispute related to its South African mining operations.

Key Petroleum's chairman Ted Ellyard and non-executive director Richard O'Shannassy have agreed to resign after a group of shareholders requested a general meeting to restructure the board.

A senior economist has expressed concern at the possibility of a hung parliament and the impact it may have on foreign investment.

Belmont-based Essa has posted a $1.6 million 2010 financial year profit turning the company's profits around after an $800,000 loss last year.

The duel-fuel Kwinana Swift Power Station, operated by Perth Energy, has been opened by Energy Minister Peter Collier.

Norton Goldfields expects to record a $33 million loss for the 2010 financial year.

Automotive Holdings Group has posted a $60.3 million 2010 financial year profit, up 150 per cent on last year, and its Rand Transport logistics division has flagged a 2012 expansion into Western Australia.

Macmahon has been awarded an $86 million rail construction contract for Gindalbie Metals' Karara Iron Project in the mid-west.

Mineral Resources has posted a net profit after tax of $97 million for 2010, an improvement of 119 per cent on the previous year.

The fight between Energy and Minerals Australia and Yarri Mining over Mulga Rock uranium project is set to go to the High Court.

Perth-based Scotgold is considering its options after a local National Parks Board in Scotland refused the company planning permission to establish a gold and silver mine at Cononish.

Redcliffe-based Global Construction Services has increased its net profit after tax for the 2010 financial year 5.4 per cent to $11.4 million.

Mincor Resources has recorded $28.1 million net profit after tax for the 2010 financial year a $44.8 million turnaround from global financial crisis-induced losses in 2008-09.

Perth-based Clough has announced a $50.1 million net profit after tax for the 2010 financial year and that former Woodside executive Keith Spence will be taking over as chairman later this year.

Perth-based companies Chemeq and Phylogica have announced commercial and licensing agreements with two global pharmaceutical giants.