Nomad

Nomad Modular Building has won a $10.6 million contract to design and manufacture a camp kitchen and dining buildings for Fortescue Metals Group's Solomon Iron Ore Project.

Troubled Nomad Building Solutions has had its bank facility extended by 60-days as it finalises terms and conditions for a longer-term renewal of its credit facilities.

Troubled Nomad Building Solutions has today reported a net loss of $5.2 million for the first half of the 2010 financial year.

Nomad Building Solutions chief executive Alan Thomas has demoted himself a day after issuing a profit downgrade which halved the value of the stock.

Nomad Building Solutions managing director Phil Guy has resigned for health and family reasons as the board expresses its disappointment over the company's financial performance over the past six months.

The mining boom has lifted the earnings of South Perth-based Nomad Building Solutions by 48 per cent to $25 million as it forecasts a further increase of 34 per cent in profits for the 2009 financial year.

Nomad Building Solutions Ltd subsidiaries, Modular Building Pty Ltd and MacGrath Homes, have picked up $60 million worth of new contracts in the Pilbara courtesy of the state's mining giants.

Portable buildings manufacturer Nomad Modular Building Pty Ltd has taken legal action preventing a former employee from working for a rival firm.