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.
Federal Environment Minister Peter Garrett has cleared the last regulatory hurdle for the $50 billion Gorgon LNG project, leaving its joint venture owners free to make their final investment decision.
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Perth-based property fund manager Aspen Group has secured an investor to underwrite at least $5 million needed to meet loan requirements for its troubled Diversified Property Fund.
Lithium producer Galaxy Resources has secured a financing agreement with a Chinese private investment company worth up to $156 million enabling the development of two key projects.
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Mining, sampling and laboratory equipment producer, Essa is making further improvements in efficiency and implementing cost reductions in response to posting a net loss of $800,000.
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Perth property developer Cedar Woods has posted a $9.3 million profit, down 55 per cent from last year's $20.6 million, as a result of reduced sales of premium product, the impact of option expiries and impairment adjustments.
Following analysis of the state government's financial strategy, international ratings agency Moody's has confirmed Western Australia's Triple-A credit rating, ranking the state at the lowest possible level of risk.
Construction services outfit Global Construction Services has increased profits by more than 10 per cent for the year to June 30, climbing above $10 million despite a softening construction market especially in the residential segment.
The managing director of shipbuilder Austal has described the recovery of its order book as "slow but sure", as the Henderson-based company reports a significant fall in full-year profits.
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.
Australia's largest independently-owned mortgage broker, Mortgage Choice has been squeezed by the volatile housing finance market to post a net profit after tax on a cash basis of $13 million, a 23.9 per cent decrease on the FY08.
West Perth-based computer and office equipment financing company ThinkSmart has increased first half profit by 17 per cent despite a five per cent drop in revenue and says it remains on target to lift full year earnings.
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Australia's economic resilience in the face the global downturn has resulted in the nation being ranked in the world's top five safest countries in which to invest, a recent survey assessing economic, commercial, external and political risk has found.
The CBD has welcomed the latest retail addition to the Hay Street Mall with the opening of the $400 million enex100, which is also part of a broader mixed-use asset which incorporates a 24-level office tower housing over 2,000 people.
