Shares in Albidon have slumped as much as 43 per cent as the nickel miner places its Munali operation on care and maintenance and lays off some 350 employees and contractors.
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Mining services company Emerson Stewart Group has posted a strong first half result, with an interim net profit after tax of $1.5 million, a 125 per cent increase on the previous corresponding period.
Coote Industrial says it is still waiting on a $75 million payment from the sale of locomotives and wagons as it posts a 70 per cent fall in its first half net profit.
Skywest Airlines has booked a near $3 million half year net loss after accounting for one-off impacts including a $5.7 million cost associated with a major Rio Tinto contract.
A strong six months for the project services division has helped to lift engineering firm Lycopodium's half year net profit up 66 per cent to $8 million.
Engineering and infrastructure firm GRD has recorded a 236 per cent jump in full year net profit for its ongoing business, before the shine was taken off after a $58 million hit from the sale of a Sydney asset and other losses.
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.
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FOR the past decade, the Clontarf Foundation has forged partnerships with business leaders and heads of government to help develop its program to assist Aboriginal youth.
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.
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 Chamber of Commerce and Industry WA has named the Small Business Development Corporation, LandCorp and the state's eight port authorities as prime candidates for privatisation or review.
MACMAHON Holdings director John Massey has seized on the company's declining share price to bolster his interest in the stock, a day after the release of a subdued interim report.
