Perth-based Clough has secured a $116 million contract for works at the Montara oil project in the Timor Sea from a Thai company, which less than two months ago bought Coogee Resources.
Henderson shipbuilder Austal expects revenue and profit to continue its downward trend in the second half of fiscal 2009, as it reports a 43 per cent fall in first half net profit.
Updated figures from the Real Estate Institute of Western Australia confirm that Perth's housing prices underwent four consecutive quarterly falls in median price in 2008 - something not experienced since 1982.
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Vietnam opened its first oil refinery on Sunday after more than a decade of delays, with Prime Minister Nguyen Tan Dung declaring the complex vital for "national energy security".
The sluggish property market has impacted Cedar Woods Properties which reported a net loss of $5.6 million for the first half of the 2009 financial year, down from the prior corresponding period's net profit of $4.6 million.
A near $5 million impairment charge to one of Coventry Group's divisions has impacted the company's bottom line, which fell 61 per cent for the first half of fiscal 2009.
Kresta Holdings expects difficult market conditions to continue well into next year as it posts a 57 per cent slump in its half-year net profit to $1.5 million.
Mineral sampling equipment manufacturer Essa Australia expects to remain profitable during the second half of this financial year after it posted a 34 per cent drop in its interim net profit.
Oil and gas services company Mermaid Marine Australia has reported a 63 per cent lift in its interim net profit on the back of higher margins from its international business.
Education services provider Navitas has executed an agreement with the University of Portsmouth in the UK to establish International College Portsmouth.
A sharp fall in the nickel price, the Varanus Island gas explosion and write downs have all contributed to a red calendar year for Minara Resources, which reported a net loss of $19.8 million, down from the previous year's $270.5 million net profit.
Shares in Carnegie Corporation have risen as much as 27 per cent in trade today on the back of the state government investing $12.5 million in the company's new low-emissions power station off the coast of Albany.
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Premier Colin Barnett remains optimistic that Inpex may change its mind over the location of its $15 billion liquefied natural gas project after meeting with the company's senior executives.
Mining entrepreneur Tony Sage has been appointed to the board of Perth-based gold explorer Tianshan Goldfields, taking over from Graham Woolford who has tendered his resignation.
Gold miner St Barbara, which holds operations in Western Australia, expects to extend its half-year loss to some $44 million as a result of write downs and lower carrying values of listed investments.
Engineering and construction company Paladio Group says it is well placed to deliver a profit for fiscal 2009 despite a possible $4 million hit from the suspension of works at the Windimurra Vanadium project.
Administrators for Monarch Gold Mining say the Minjar gold project is likely to be sold within the next few days as a mixture of local and overseas parties express interests in other assets.
Global Construction Services says it will take a more conservative approach to acquisitions as it delivers a 15 per cent increase in its interim net profit of $5.4 million.
Losses from discontinuing operations have hit Clough's bottom line with the engineering and construction company reporting a 30 per cent fall in its interim net profit.
The state government has named Mirvac/Cbus Property as the preferred proponent for the redevelopment of Perth's Old Treasury Buildings following an extensive evaluation process.
IN what is already being pegged as the biggest office leasing deal of the year, Chevron has signed a 10-year lease agreement for the entire 14-level Dynons Plaza office tower.
UNIONS and employer groups have become unlikely allies in jointly resisting the federal government's proposed model for occupational health and safety reform.
