Business News

Business News

Transfield Services $247m Loss 1H2013


Construction and maintenance company, Transfield (ASX:TSE) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

  • Transfield Services posted a $247 million Loss for the 6 months.
  • Transfield chief executive Graeme Hunt said, " We are cutting parts that are not aligned with strategy or do not meet our margin, capital or growth criteria."

Oil Search US$175.8m Profit Down 13% FY2012


Oil Search (ASX:OSH) have announced its full year financial results for 2012 to its shareholders and investors on the Australian stockmarket.

  • Oil Search have posted a Net Profit of US$175.8 million for the 2012 financial year, down 13 percent on $202.5 million in 2011.
  • OSH revenue fell to US$724.6 million from US$ 732.9 million.

Ramsay Health Care $138.4m Profit Up 10% 1H2013


Australia's largest private hospital company, Ramsay Health Care (ASX:RHC) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

  • Ramsay Healthcare profit up 10.1 percent to $138.4 million in the financial half year from $125.7 million in the prior corresponding period.

Seven Group $256.8m Profit 1H2013


Kerry Stokes' mixed mining and media business Seven Group (ASX: SVW) have announced its company financial results for the first half of 2013 to shareholders and investors on the Australian stock market.

  • Seven Group Net Profit for the first half was $256.8 million, up from $52.1 million in the previous corresponding period.

Virgin Australia $23m Profit Down 56% 1H2013


Airline company, Virgin Australia (ASX:VAH) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

  • Virgin Australia Net Profit of $23 million for the half, down 56 percent from $52 million in the previous corresponding period.
  • Virgin Australia's underlying profit before tax down to $61 million from $91 million. The first half of 2011-2012 gave Virgin an advantage after industrial action at Qantas.

WHK Group $5.2m Profit Down 22% 1H2013


Financial advisory WHK Group (WHG) have announced its first half financial results for 2013 to its shareholders and investors on the Australian stock market.

  • WHK Group posted Net profit of $5.2 million, down 22 percent from $6.7 million on the previous corresponding period.
  • WHK revenue fell 2 percent to $210.9 million.
  • WHK Group also made 123 positions redundant at the cost of $3.2 million.

QBE Insurance Profit US$761m FY2012


Insurance company, QBE Insurance Group (ASX:QBE) have reported its full year financial results to shareholders and investors on the Australian stock market.

  • QBE Insurance Net Profit US$761 million up 8 percent from US$704 million in FY 2011.
  • QBE full year insurance profit margin was 8 percent, up from 7.1 percent.

Atlas Iron $256m Loss 1H2013


Iron Ore Mining company Atlas Iron (ASX:AGO)has announced its first half year results for 2013 to its shareholders and investors on the Australian stock market.

  • Atlas Iron posted a full year Net Loss of $256 million, down from a $6.08 million profit in 2011.
  • The financial loss includes $455 million in impairment charges on Atlas' undeveloped Horizon 1 and 2 project areas and other tenements.

Crown $180.8m Profit, Down 34% 1H2013


Casino company Crown Casino (ASX:CWN) have reported their first half profit results to its shareholders and investors on the Australian stock market.

  • Crown posted a $180.8 million Net Profit, down 34.1 percent from $274.4 million in the previous corresponding period.
  • The result included a $74.3 million loss on Sydney and Queensland casino operator Echo Entertainment. Crown has a 10 percent stake in Echo.

Caltex $57m Profit FY2013


Fuel distribution company, Caltex Australia (ASX:CTX) have announced its full year profit results for 2012 to its shareholders and investors on the Australian sharemarket.

  • Caltex Australia Net Profit of $57 million, up from a loss of $714 million in the previous year.
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