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.
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Audax Resources has completed a capital raising worth more than $2.5 million from sophisticated and institutional investors, including a London fund and clients of another London firm for a drilling program in Tunisia.
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.
Automotive Technology Group has formed an agreement with Perth businessman, Michael Wilson to raise up to $6.2 million for the company in a two-part deal involving an entitlement issue and a share
Modular and transportable buildings manufacturer, Nomad Building Solutions posted an overall profit of $13.3 million following the economic downturn negatively impacting its clients' investment decisions and an impairment charge of $6.8 million.
Wesfarmers today announced two new board appointments including Perth-based Diane Smith-Gander and retail expert Archie Norman, as well as changes to its corporate affairs team.
After superannuation funds were hammered at the hands of the global economic downturn, it seems Western Australians are the most reluctant to believe their retirement nest eggs will ever return to their former glory, a survey has found.
Junior gold producer, Troy Resources has made a remarkable recovery after suffering a severe loss last year, posting a $16.7 million profit amid enhanced gold production and increased revenue.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
Gaming group Crown posted a loss of $1.2 billion FY2009 after writing down the value of its US assets due to the downturn but says it will focus on its Australian and Macau assets following strong performances from its Burswood and Crown casinos.
Shares in diversified miner OZ Minerals have fallen almost five per cent this morning after posting a heavy first half loss, following the sale of many of its assets and a lower copper price, but says it is in a strong financial position.
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PROMINENT local advisory firm Oakvale Capital has dismissed suggestions it is at fault for the multi-million losses suffered by a former client, as the Perth firm is taken to court over a claim for close to $10 million.
AT least 2,700 Australians who borrowed money to invest in Great Southern and Timbercorp schemes are refusing to make loan repayments, with their stance soon to be tested in the courts.
IF deteriorating income streams and skyrocketing costs weren't enough, charities are now bracing for a tougher year ahead with an expected surge in demand for services through 2010.
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
A SPATE of transactions in the mortgage market has left Perth-based Australian Finance Group one of the few independent aggregators standing in what is now a big bank-dominated sector.
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.
Tap Oil has posted a loss of $4.9 million in its half year results to June 30 after the explosion at Varanus Island impacted upon production levels and, in turn, affected sales.
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.
The state government has announced that publicly-owned generator Verve Energy and electricity retailer Synergy would not be re-amalgamated, as part of a strategy to secure Western Australia's future energy needs.
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 peak body for the nation's construction industry believes a dip in constrution work in the June quarter is only the tip of the iceberg, predicting a sharp decline to unfold as the effects of credit crunch and economic downturn begin to show through.
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.
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