Alan Brierty

Shares in Maddington-based civil construction company Brierty Ltd plummeted today following a profit downgrade of as much as 20 per cent, just four months after listing on the ASX.

Contracting group Brierty Ltd today announced its second profit revision in six weeks, slashing its forecast to $3.6 million after tax, and the resignation of founder Alan Brierty as managing director to focus on the operational side of the business.

The CEO of civil contractor Brierty, Stuart Crofts, has resigned following discussions about the company's future direction and strategy.

The downturn in mining and construction activity in Western Australia has delivered a mixed bag of results for several contractors today, with the major surprise being a downgrade in MACA's revenue outlook.

Glenn Jardine has been appointed as an independent non-executive director of Torian Resources. Mr Jardine’s previous roles include chief executive officer of Kimberley Metals Group, managing director of Southern Cross Goldfields and managing director of LionOre Australia.