Gold miner Evolution Mining has reported a $50 million net profit after tax largely due to starting commercial production at its Mt Carlton mine and significant cost reductions in response to a lower gold price.
Perth's largest listed land developer, Peet, has reinstated its dividend payments after recording a solid lift in net profit on the back of improved performance across all of its core divisions.
Iron ore miner Gindalbie Metals has extended its finance facility for its Karara magnetite project in the Mid West by three years and an additional $US400 million ($428 million).
Australia's second largest gold miner Northern Star Resources has suffered a 15 per cent fall in profit after buying the Jundee mine and paying redundancies.
Mining services company Ausdrill has suffered a 148.5 per cent fall in full-year profit to make a loss of $43.9 million, on the back of $77.9 million in write-downs and impairment charges as a result of the diminished outlook for mining services.
Oil and gas dealmaker Peter Allchurch has teamed up with fellow Aurora Oil & Gas founder John Kenny, and Houston-based geologist Neville Henry, to list US-focused shale oil hopeful Winchester Energy.
The Australian share market has closed modestly higher after the S&P 500 index in the United States finished above 2,000 points for the first time, helped by more encouraging data on the US economy.
Western Australian Premier Colin Barnett says he is disappointed that Moody's Investors Service downgraded the state's credit rating, describing the analysis as "very weak".
Movements in the US dollar and Ghanaian Cedi relative to the Australian dollar have combined with lower gold production and higher costs to drive Perseus Mining into losing territory.
Financing group ThinkSmart has reported a six-month net profit of $11.3 million, up 391 per cent from its posted $2.3 million in full-year profit result in February.
Sydney-based Tourism Property Investment Group has appointed commercial agent CBRE to sell the Ibis Budget Hotel on Great Eastern Highway, part of a nation-wide portfolio shuffle.
Frasers Property has launched the final stage of its Queens Riverside apartment precinct in East Perth, with inner-city apartment specialist MLG Realty appointed as exclusive selling agent.
Perth-based contractor OTOC says its diversification strategy and growth of its business divisions helped it raise full-year profit by 5 per cent to $5.46 million.
Falling commodities prices have hammered Seven Group Holdings' results, with the Kerry Stokes-led company reporting a 46 per cent fall in full year profit to $261.1 million.
Seven West Media has posted a $149.2 million profit for 2013-14 helped by cost cuts and improved television earnings, which helped it turn around its $70 million loss a year earlier.
The Australian stock market has opened higher following positive leads from US and European markets which have negated the downward effect of local stocks paying out their dividend.
The controversial split of shopping centre giant Westfield has been an early winner, delivering shareholders a $4.5 billion gain in less than two months.
The S&P 500 has finished above 2000 for the first time, capping a steep climb from 676 in March 2009, when the market hit bottom during the Great Recession.
