Fraser Beattie

Perth-based contractor Decmil Group has outperformed most of its peers, reporting a relatively small dip in profit after lifting revenue to record levels, while Southern Cross Electrical Engineering has slumped to a loss after restructurng the business on the back of challenging conditions in the resources sector.

Orbital Corporation has received its first order for a batch of engines and propulsion systems for Boeing’s ScanEagle unmanned aerial vehicle project, in a deal worth $12 million.

Local miner Metals X has announced a 9 per cent increase in net profit to $40.9 million for the 2015 financial year, on the back of higher revenue from gold sales.

Power generation company Pacific Energy has posted a 19 per cent fall in net profit for the 2015 financial year, but was upbeat on its outlook for the year ahead.

Welshpool-based Maca has posted a slight fall in profit for the financial year but increased revenue by 1 per cent, despite it being a tough time for contractors and mining services companies in the current market.

Higher gold sales and lower exploration spending have boosted diversified miner Independence Group’s full-year net profit by 58 per cent to $77 million.

Tempo Australia has received a request for about 280 more workers to carry out its contract at the Chevron-operated Gorgon LNG project on Barrow Island.

Nedlands-based waste management company Tox Free Solutions has delivered a flat profit result, with revenue up 10 per cent and a 42 per cent rise in its final dividend payout.

Nickel miner Western Areas has reported a 37.5 per cent rise in net profit despite a small drop in revenue, with the company focusing on reducing costs in the year ahead.