Engineering company Bradken says last year's economic downturn in resources has bottomed out while posting a rebound in half-year profit. Bradken made a net profit of $46.7 million in the six months to December 31, up from $43 million in the same period in the previous year.
Amcom Telecommunications has reported half-year net profit of $10 million, a 20 per cent increase from the previous corresponding period on the back of strong demand for data network access. It rounds off a decade of double-digit percentage profit growth for the Perth provider of data network access, cloud solutions and managed services.
Losses for Villa
Villa World said it will post a December half net loss of $19.7 million following writeoffs of $29.2 million. The largest writeoff, $17.7 million, was against the Eynesbury township venture in Victoria, with others occurring in Queensland.
Centuria Capital, the former Over-Fifties Friendly Society, has flagged a December-half net profit of $2.5 to $2.9 million, up from $0.98 million net
profit in the same period a year earlier.