Telco networks provider Amcom has posted a 19 per cent increase in net profit to $12.1 million in the year to June 30 after being hit with $1.5 million in costs following the exit of its major shareholder.
Engineering services firm, Lycopodium has posted a profit of $14.1 million, up almost 14 per cent on the previous year, which included an after tax capital profit of $2.1 million arising from the sale of the company's previous office facilities.
Curtains and blinds retailer, Kresta Holdings has posted a profit of $3.7 million, down 14.8 per cent on last year's result, blaming weaker consumer confidence for the fall despite revenue holding nearly steady at $117 million.
Australia's largest gold producer, Newcrest Mining has awarded Nedlands-based mining software provider, ISS Group a $4 million contract for its Mining Intelligence Layer project, utilising ISS's BabelFish product.
Rubicon Resources has purchased the Gap Bore project tenements within its Celia project area from local prospectors for $20,000 cash and 250,000 Rubicon shares.
Cazaly Resources has secured engineering firm, Lycopodium to complete the pre-feasability study at the Parker Range Iron Ore Project, located in the Yilgarn district of Western Australia.
Marine services contractor, Mermaid Marine posted a 48 per cent jump in full year profit to $26.5 million and expected this to grow due to its involvement with the booming oil and gas industry.
Manganese and iron ore miner, OM Holdings' operating profit after tax for the half year ending June 30 has plunged to $10.8 million, down from $96.9 million the previous corresponding period, impacted by sharp falls in global commodity prices.
The largest shareholder in West Perth-based Herald Resources has announced plans to acquire the remaining shares of the WA company by way of a formal off-market takeover bid, subject to conditions and approval from the Foreign Investment Review Board (FIR
Australia and New Zealand have joined forces in bidding for the $2.5 billion Square Kilometre Array (SKA) project for the state's Mid-West following discussions yesterday about rekindling the ANZAC spirit in terms of military alignment.
Sandalwood grower and processor, TFS Corporation has signed up former Australian Test cricketer Adam Gilchrist as the group's global ambassador after increasing its profits by 44 per cent, climbing over $34 million this past financial year.
Straits Resources is poised to sell two of its Pilbara base metal projects to West Leederville-based mineral exploration company, Venturex Resources in return for a substantial shareholding as part of a deal worth up to $11 million.
Nickel miner Mincor Resources has recovered from a big first-half loss to post a modest profit in the second half of the finacial year but it was not enough to save the group from an annual loss of $16 million.
Directors of Polaris Metals have recommended its shareholders accept an off-market takeover bid worth up to $67 million from mining services outfit, Mineral Resources, subject to an independent expert assessment and in the absence of a superior offer.
Gold producer, Avoca Resources managed to raise its stake in takeover target Dioro Exploration to more than 44 per cent by the close of business yesterday, ending the four-month acquisition proposal.
WESTERN Australia is poised to become a global competitor in the world of supercomputing, which could assist the state in securing the Square Kilometre Array (SKA) project and benefit various other astronomy industries.
CURRENCY fluctuations during the past 13 months have made tough economic times a nd difficult trading conditions even more so, but experts suggest there are ways to combat the turbulence.
The state government has established a project team from Main Roads and environmental and engineering consulting firm AECOM to manage environmental approvals, engineering design and community engagement processes for the contentious Roe Highway extension.
