Perth-based Amcom Telecommunications has benefitted from its major shareholding in internet service provider iiNet as it today boosted its half year net profit by 38 per cent.
Clough says it will ramp up its position in the oil and gas sector after it agreed to sell its majority stake in Indonesian subsidiary PT Petrosea Tbk for $129 million.
Write-downs totaling $17.6 million and a sharp fall in the nickel price has resulted in Panoramic Resources reporting an $8.6 million loss for the half-year.
TFS Corporation says it is on track to achieve at least 15 per cent growth in net cash earnings for the 2009 financial year as it today booked a $5.2 million half-year net profit after tax.
Swick Mining Services has revealed it cut staff numbers by 120 late last year to match a sharp fall in demand for its drill rigs as it delivers a 30 per cent fall in its interim net profit.
A lower than anticipated performance from Alinta and other operating businesses has prompted Babcock & Brown Power to revise down its full year earnings.
The buoyancy of the oil and gas sector in the current economic climate has helped deliver record revenues and profit for the half year for Neptune Marine Services.
Po Valley Energy has secured three-years of forward sales from two of its Italian gas fields, valued at around $150 million, after signing a second offtake deal with Elettrogas.
Wealth management company Plan B Group Holdings has paid some $7 million in cash and scrip to acquire a majority interest in Melbourne-based wealth advisory business, Strategic Financial Management.
Two more years of economic pain; Fortescue cancels raising; Seven minus debt equals zero; Bonds put Woodside on strong cash track; OZ shares fall on fear of banks
INDUSTRY groups have welcomed increased federal government support for training, as one of Australia's largest training providers was forced for the first time ever to stand down probationary apprentices.
THE state government's plans for a gas processing hub on the Kimberley coast have received a boost from the region's traditional owners, which have said they are ready to negotiate a deal for a large-scale liquefied natural gas development on Aboriginal l
WHILE Western Australia's geothermal energy industry progresses at a snail's pace, former Perth-based BHP Billiton executive Bret Mattes is enjoying rapid progress in Indonesia.
RESEARCH has shown that Australian businesses involved in importing and exporting in the current economic climate are becoming dissatisfied with the trade loans provided by their financiers.
The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry WA with the support of the WA Government's Department of Industry and Resources.
CHANGING market conditions have fuelled a trend towards strata property in the commercial sector, as owners respond by offering floors for sale as strata-titled stock to entice a growing number of financially constrained potential buyers.
THERE must have been high-fives all through the halls of power in Beijing last week as government Mandarins celebrated victory over Western mining interests.
