Balcatta-based Clean energy technology group, Orbital Corporation Ltd, has forecast a profitable second half and full year after posting a reduced net loss after tax of $389,000 for the six months to December 2007, compared to $429,000 in 2006.
Engine technology company Orbital Corporation Ltd has announced a $2.7 million capital injection into its half-owned manufacturing arm Synerject LLC as part of a new financing package.
Balcatta is home to two of WA’s best-known technology stocks – ERG and Orbital Corporation – and the little-known SafeEffect Technologies. They all have a troubled past but Mark Beyer finds that recent developments at each company point to a varied future
Balcatta-based Orbital Corporation Ltd reported a first half net loss of $1.4 million, compared to a loss of $1.8 million for the same period last year, with its CEO confident the company will make a full year profit.
22 Feb 2006
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