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.
Wesfarmers flayed despite big profit; Rio resists playing the Hu card; Future Fund stake in Telstra on the block; Union at war over penalties; Super funds face $2bn cut in fees
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.
National property developer Peet has announced strong results in its year end profit statement, with an operating profit after tax of $31.2 million, excluding revaluation of assets.
The state's only listed financial planning firm, Plan B Group Holdings, suffered a tough year as falling equity markets eroded profits right across the financial services sector.
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.
Garrett last Gorgon bar; Qantas to jettison $1.5bn in costs; State tax in reform mix, says Henry; Write-downs cruel Iluka result as zircon sales fall; Major store deals 'real barrier to competition'
The Western Australian Trade Opportunities Service is operated by the International Trade Centre of the Chamber of Commerce and Industry of Western Australia.
HEAVY-LIFT shipping carrier Schiffahrtskontor Altes Land (SAL) has expanded its Australian operations, opening an office in Fremantle as part of a strategic plan to service the Australasian resources
