Australia’s largest energy company AGL Energy reported an underlying net profit after tax of $428.9 million for the year, up 13.2 percent from the prior corresponding period. AGL also declared a final dividend of 30 cents per share. Commenting...
Earthmoving equipment supplier Emeco Holdings reported an operating net profit post tax of $41.1 million for FY10, down $49.3 million, reflecting impairment and one?off restructuring charges associated with business closure and restructuring activities across Europe, USA and Australia.
Suncorp reported an annual net profit of A$780 million, up significantly from $348 million from the prior year. The financial institution said that each of its business lines delivered improved underlying results, with profits after tax up 37 percent....
Commonwealth Bank of Australia (CBA) announced that it has opened its first Indian branch in Mumbai to provide trade finance, remittance and foreign exchange to organizations that trade between Australia and India. The new branch will also serve the...
Australian pathology provider Sonic Healthcare reported an annual net profit A$293 million, down from 2009 due to market effects of regulatory changes in Australia.
Perth-based miner Kagara announced that it has returned to profitability with A$3.7 million annual net profit, up significantly from its $94.0 million net loss in 2009. Revenues increased 45 percent to $223.2 million, up from $166.1 million last year.
Oakajee Port and Rail (OPR) announced Monday it has signed agreements with three mining companies for the Oakajee Port and Rail infrastructure project, which will deliver a port and rail facility in Western Australia.
Prime Infrastructure announced Monday that it has entered into a definitive merger agreement with Brookfield Infrastructure Partners for A$1.6 billion, increasing Brookfield's ownership of Prime from 40 percent to 100 percent to create “a leading global infrastructure company.” Under the...
Billabong announced its financial results for the year ending June 30, reporting $146 million profits, down 4.5 percent.
The surf apparel company said that total group sales of $1.48 billion were flat in constant currency terms and down 11.2 percent from the 2009 fiscal year.
Planet Gas Limited announced that it has agreed to a 50 percent farm-in and operatorship of three New South Wales petroleum exploration licenses. According to the coal bed methane and geothermal energy exploration and development company, the licenses are...
