News Articles for John Schaffer

Cyber incident forces Schaffer to pull guidance

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Schaffer Corporation has withdrawn guidance for its automotive leather division after a luxury vehicle brand was hit by a cyber incident which halted production.

Harvest Tech in boardroom blue

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The ousted chief executive and the current chairman of Harvest Technology Group are battling for control of the ASX company, which counts some well-heeled Perth investors as shareholders.

Appointments September 2, 2022

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Our weekly appointments wrap includes Tanya Moran, Tim Judd, Stephen Brown, Rob Gordon, Dermot Woods, Alan Rule, Steven Wood, Chloe Mason, Craig Carter, Michael Sucher, Gareth Reynolds, Mark Calderwood and Brock Neeling.

Harvest Tech builds growth foundations

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Having ‘gone stealth' to validate its tech and build customer relationships, a Perth company has secured key partnerships with local and global businesses.

Long-serving chief executives a rare breed

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The number of long-serving chief executives at WA listed companies is shrinking rapidly. We look at recent retirements by several 'veteran' CEOs and a small group of individuals who have lasted more than 10 years.

Personal stories underpin long-term support

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Three prominent Perth businessmen are proving the importance of individual connection to motivate sustained financial backing.

LWP and PRM set to merge

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Perth land developers LWP Property Group and PRM Property Group have announced a merger, with the combined group to have four equal shareholders.

Schaffer sells Urbanstone to Brickworks

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Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million.

$38m research institute opened

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Four Western Australian medical research organisations are aiming to boost collaboration after moving into the Ralph and Patricia Sarich Neuroscience Research Institute in Nedlands, which was officially opened this week.

Schaffer profit slides as costs rise

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Industrial group Schaffer Corporation has nearly halved its net profit to $3.5 million for the financial year, on the back of higher costs.

Schaffer profit slides, outlook positive

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Schaffer Corporation has reported a 57 per cent slide in first-half profit to $2.1 million, but chairman John Schaffer said the underlying strength of the company helped it maintain an interim dividend of 12 cents per share.

Schaffer posts 18% profit slump

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Diversified industrial group Schaffer Corporation has posted an 18 per cent full-year profit reduction on the back of a goodwill write-down and proceeds of an insurance claim.

Schaffer profit down on impairment

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Diversified industrial group Schaffer Corporation has posted a 7 per cent half-year profit reduction on the back of a goodwill impairment in the company's building products division.

Schaffer celebrates 50 years as listed WA company

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One of Western Australia's oldest listed companies, Schaffer Corporation, held its 50th annual general meeting today, celebrating an unbroken run of providing dividends to shareholders.

Schaffer reports 57% profit decrease

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Schaffer Corporation has posted a $4.5 million net profit after tax for the 2010 financial year, 57 per cent down on the company's earnings last financial year.

Schaffer Corp posts H1 profit lift

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Diversified industrial group Schaffer Corporation says a combination of factors inculding the ongoing volatility of the Australian dollar has made forecasting difficult as it today booked a 7 per cent increase in first-half net profit to $3.6 million.

Schaffer Corp. to acquire Limestone Resources

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Western Australian-based building products and leather goods group Schaffer Corporation Ltd has announced an agreement to acquire WA's largest limestone products producer, Limestone Resources.