Fraser Beattie

Financing group ThinkSmart has reported a six-month net profit of $11.3 million, up 391 per cent from its posted $2.3 million in full-year profit result in February.

Perth-based contractor OTOC says its diversification strategy and growth of its business divisions helped it raise full-year profit by 5 per cent to $5.46 million.

Mix 94.5 has continued to retain its lead as Perth’s favourite radio station while 92.9 lost 1.3 per cent of its listeners, according to the latest radio survey.

Southern Cross Electrical Engineering has reported a $9.6 million slump in full-year profit to $7.7 million on the back of a 21 per cent fall in revenue to $218.2 million.

Perth gold company Resolute Mining says the combination of lower gold prices and higher costs were behind a 60 per cent drop in full-year profit, to $33 million..

Exploration firm Energia Minerals has reached an agreement with Euroz Securities to take an $8 million funding package to help fast-track development of its Gorno zinc project near Bergamo in north Italy.

Kibaran Resources-backed 3D Graphtech Industries has entered into an agreement with the Commonwealth Scientific and Industrial Research Organisation to research the effectiveness of graphite and graphene inks in 3D printing.

Perth nickel miner Western Areas has returned to the black with a full-year net profit of $25.5 million, on the back of an improvement in the price of nickel and lower production costs.

The state government has opened a 2,000 hectare development zone in the Kimberley to pave the way for an increase in fish production.