GOLD Shares in Australia's biggest listed gold producer could be trading on the Toronto Stock Exchange within a fortnight, after Newcrest Mining revealed it had won preliminary approval for the new listing. Toronto is considered one of the world's top exchanges for mining companies, and Newcrest chief executive Greg Robinson said the listing would allow Newcrest to be more easily compared to its rivals in the gold sector. High gold prices have Newcrest on track to record a profit of more than $1 billion in the year to June 30, 2012.
DATA Stockmarket data provider IRESS Market Technology expects profit to be flat at best in 2012 after uncertain global markets contributed to an 18 per cent fall in profit for 2011. IRESS said trading so far had been mixed. IRESS reported a net profit of $41.3 million in the six months to December 31, down from $50.5 million.
INFRASTRUCTURE Pipeline owner and manager APA Group held unchanged its forecast of $530 million to $540 million for earnings before interest, tax, depreciation and amortisation for the year to June, even though its net profit for the December half slipped 6 per cent to $66 million. The first half distribution has been raised to 17? from 16.5?. APA has a $1.1 billion bid under way for Hastings Diversified.
CONSTRUCTION Transfield Services has declared a steady 5?-a-share dividend after posting a net profit of $32.6 million for the six months to December, up 134 per cent. The higher profit had been flagged to the market earlier this month. For the year to June, the net profit, but before amortisation is forecast to be at the lower end of the range of $130 million to $135 million.
ALCOHOL Buoyant demand for its beer and cider pushed the net profit of Little World Beverages ahead by 32 per cent to $6.1 million in the December half. The new Geelong brewery is now expected to be commissioned in early 2013, while capacity expansions to its WA breweries will keep up with demand growth for the next 12-18 months, it said. An unchanged interim dividend of 5? a share has been declared.
BANKING National Australia Bank has opened its first branch in India, as the lender starts expanding into Asia. NAB's chief executive of Asia, Rob Wright, said the launch of the branch was considered a step forward in NAB's long-term commitment to the region.
FISH Fish farmer Clean Seas Tuna reported a narrower first-half net loss of $7.068 million, down from a $9.33 million loss in the previous corresponding half year.