Fraser Beattie

Perth-based Paladin Energy has been hit by the weak uranium price, reporting a $338 million net loss for the full year.

Bitcoin trader Digital CC has claimed a profitable entry into the computer-generated currency sector, highlighting a $630,146 profit for three and a half months of business, despite the vehicle through which it conducted a backdoor listing recording an $11.8 million loss for the financial year.

Biotech firm Actinogen has signed an agreement to buy pharmaceutical company Corticrine for about $5.75 million, which focuses on the development of treatments for disease modification and prevention in Alzheimer’s dementia.

Nedlands-based TFS Corporation has achieved a record full-year profit of $82.5 million, up 48 per cent on the back of increased plantation asset ownership.

Gold and nickel producer Independence Group has raised its full-year profit by 60.7 per cent to $46.6 million on the back of the production commencement at Tropicana and an improved nickel price in the second half of the year.

Perth-based financial services group Pioneer Credit has delivered full-year profit of $4.6 million in its first year as a publicly-listed company on the back of strong gains in customer payments.

Window coverings manufacturer and retailer Kresta Holdings has reported a $1.4 million loss for the year ended June 30, down from $1.5 million net profit last year.

Shares in Perth contractor OTOC have surged after it announced it had taken a first step towards creating a national surveying business by acquiring Victorian firm Bosco Jonson for $17 million.

Tiger Resources says it will acquire the remaining 40 per cent shareholding in Société d'Exploitation de Kipoi for $118.6 million, to gain full ownership of its Kipoi copper project.

Gold miner Troy Resources has flagged a net loss of $59.1 million on the back of a $61.2 million asset impairment of its Karouni gold project in Guyana.

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).

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.

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.

Shipbuilder Austal reported an 11 per cent fall in full-year profit to $31.9 million, despite record revenue and a reduction in debt.

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.

Subiaco-based explorer TNG has taken the next step towards formal agreements with South Korean steel giant POSCO over its Mount Peake vanadium project by signing a letter of intent with Global-Pacific Partners.

Mix 94.5 has continued to retain its lead as Perth’s favourite radio station while 92.9 lost 1.3 per cent of its listeners, according to the latest radio survey.

West Perth-based miner Metals X has reported a 332 per cent full-year profit increase to $37.4 million, alongside a 247 per cent surge in revenue to $238.6 million.

Southern Cross Electrical Engineering has reported a $9.6 million slump in full-year profit to $7.7 million on the back of a 21 per cent fall in revenue to $218.2 million.

Belmont-based contractor GR Engineering Services lifted its full-year profit by 89.3 per cent to $14.2 million, despite a drop in revenue of 0.4 per cent to $114.2 million.

Struggling clothing maker Pacific Brands is selling its workwear business to Wesfarmers Industrial and Safety, after write-downs and weaker profit margins blew its full-year loss out to $224 million.

Perth gold company Resolute Mining says the combination of lower gold prices and higher costs were behind a 60 per cent drop in full-year profit, to $33 million..

Western Australia has recorded a 38 per cent reduction in littering from 2008 and is at its lowest level in nine years, according to the 2013-14 National Litter Index.

Exploration firm Energia Minerals has reached an agreement with Euroz Securities to take an $8 million funding package to help fast-track development of its Gorno zinc project near Bergamo in north Italy.

Welshpool-based contractor MACA has raised its full-year net profit by 12 per cent to $55.4 million despite weather setbacks during the year, and increased revenue by 25.2 per cent to $595.4 million.

Kibaran Resources-backed 3D Graphtech Industries has entered into an agreement with the Commonwealth Scientific and Industrial Research Organisation to research the effectiveness of graphite and graphene inks in 3D printing.

It’s been two years since the introduction of Sunday trading in the state and positive survey results from Curtin Business School found almost 60 per cent of Western Australians support the deregulation of retail trading hours.

Perth nickel miner Western Areas has returned to the black with a full-year net profit of $25.5 million, on the back of an improvement in the price of nickel and lower production costs.

Waste management company Tox Free Solutions has announced a 60 per cent increase in net profit to 21.7 million on the back of a 30 per cent rise in revenue to $369.9 million.

The state government has opened a 2,000 hectare development zone in the Kimberley to pave the way for an increase in fish production.

Mermaid Marine Australia has taken a 3.3 per cent fall in profit for the full-year, down to $53.9 million.

Investment company Katana Capital has raised $7.8 million through the issue of 8.4 million shares to sophisticated and professional investors at an issue price of 93 cents per share.