Western Australia has recorded the largest fall in new home sales for the July month as the property market across the country continues to struggle with high interest rates and a slowing economy.
Panoramic Resources Ltd has followed the trend of its fellow nickel miners, today posting a 40 per cent fall in full year net profit to $53.3 million on the back of lower commodity prices and higher operating costs.
Gas market faces ACCC shake-up; B&B plans sell-off of fund rights in cash hunt; $100bn show of investment confidence; AMP spells out risk as profit dips; Fairfax journalists strike over job cuts
West Perth-based gold miner Dominion Mining Ltd has booked a full year net profit after tax of $33.4 million net profit, down 35 per cent from the previous year's result of $51.7 million.
Higher exploration costs have dented gold miner St Barbara Ltd's full year earnings loss, which plummeted to a loss of $17.3 million, down from the previous year's net loss of $2.9 million.
Japanese company Inpex Ltd is expected to choose either Western Australia or the Northern Territory to host the $12 billion liquefied natural gas plant in two months, as it prepares for further drilling in the Darwin Habour.
Babcock & Brown Communities Group and Babcock & Brown Wind Partners Group, which both hold assets in Western Australia, have reported skyrocketing full year net profits today.
Fortescue Metals Group Ltd and its chief executive Andrew Forrest will head to court in April next year to fight claims made by the corporate watchdog.
Premier Alan Carpenter's election pledge to legislate a uranium ban may cost the country some $200 million in investment as one Canadian company considers a withdrawal from its Australian assets.
West Perth-based minerals explorer Altera Resources Ltd is set to change its focus and board after entering a $10 million scrip deal to acquire Clean Global Energy Pty Ltd which has access to intellectual property for underground coal gasification.
A loss in property revaluations has taken the shine off an increase in retail sales for Bedshed owner Joyce Corporation Ltd, which posted a net profit fall of 34 per cent for the 2008 financial year.
West Perth-based electrical engineering company LogiCamms Ltd has beaten its earnings forecasts by 18 per cent after booking a full year net profit after tax of nearly $2.9 million in its first year as a listed company.
A loss of over $9 million from its waste renewable division has impacted Perth-based engineering company GRD Ltd’s half-year earnings, which slumped to a loss of $438,000.
Australia's top companies are failing to follow global guidelines on bribery and corruption reporting and fall short of world's best practice, according to research by the Association of Chartered Certified Accountants and Net Balance Foundation Ltd.
A day after delivering a record first half profit, Woodside Petroleum Ltd has started production at its Vincent oil project off the North West Cape in Western Australia.
Capacity at Port Hedland's inner harbour is set to increase to cater for the iron ore expansion projects by BHP Billiton, which today secured an agreement with the state government.
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Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
The state Labor Party has announced plans to introduce a gross feed-in tariff for household solar power systems in what's seen as a step towards boosting its green credentials ahead of next month's election.
Perth's median house price fell to $443,000 during the June quarter, slightly lower than originally forecast, according to the Real Estate Institute of Western Australia's official data.
The underserviced and ageing rail infrastructure in the eastern states has created an attractive market opportunity for niche wagon and rail maintenance player Gemco Rail Pty Ltd, based in Forrestfield.
A number of mining services companies have posted record profits for 2007-08, reinforcing the state's position as an emerging global centre for high-calibre mining services companies.
The past year has provided a bumpy ride for players in the base metals field, as sharp falls in commodity prices, a stronger Australian dollar and rising cost pressures bite into the bottom line.
Rio Tinto Ltd, the world's third largest mining company, has forecast higher prices for the company's core commodities of iron, alumina and copper after delivering a record first half profit.
