Boom drives profits up

WESTERN Australia’s current economic boom has had a major impact on the half-yearly results of companies in the mining and property industries. A range of mining service companies such as Macmahan Holdings, Ausdrill and Monadelphous Group announced record half-yearly profits this week. Nickel miner Mincor Resources also announced record half yearly profits. The record profits don’t end there. Property firms such as Peet and Port Bouvard also posted record high half-yearly profit levels.