Business News

Brisbane's $4.8 billion Airport Link toll road operator, BrisConnections (ASX:BCS) has been put into voluntary administration.

• BrisConnections board elected the company to go into voluntary administration.
• The company has appointed the McGrath Nicol Partnership as voluntary administrators.

Ports and Rail operating company Asciano Group (ASX:AIO) have announced its half year results of 2013 to shareholders, investors and traders.

• Asciano Net Profit of $199.9 million in the six months to December 31, up 74.5 percent from $114.8 million in the previous corresponding period.

Steel manufacturing and mining company, Arrium (ASX:ARI), formerly OneSteel, have announced its results for the first half of the 2013 financial year to stockmarket investors and traders.

• Arrium Net Loss of $447.2 million in the first half of 2013, down from a $70.7 million loss in the previous corresponding period.

Engineering company, Monadelphous Group (ASX:MND) have released their 2013 first half profit results to sharemarket traders and investors.

• Monadelphous first half net profit $79.1 million, up 37.5 percent on $57.5 million from the previous corresponding period.
• MND sales revenue of $1.29 billion, up 46.6 percent.

Fashion and apparel retailer, Specialty Fashion Group (ASX:SFH) have announced its profit results for the first half of FY2013 to December 2012. Specialty Fashion Group operates 892 stores including the following clothing brands: the Millers, Katies, Crossroads, Autograph and City Chic.

• Specialty Fashion Group Net profit of $17.97 million for the six months to the end of December, up 191.6 percent from $6.16m in the previous first half.

APN News & Media (ASX:APN) have seen key members of its board resign on capital raising issues.

• APN News & Media saw the resignation of chairman Peter Hunt, managing director Brett Chenoweth, managing director Brett Chenoweth and three other independent directors: Melinda Conrad, John Harvey and John Maasland.

Health insurance company, NIB Holdings (ASX:NHF) has released its first half results for FY2013 to stockmarket traders and investors.

• NIB Net Profit at $36.3 million, down 5.3 percent on the same period last year.

Clothing, footwear and brands management company, Pacific Brands (ASX:PBG) have announced their first half results to Australian stockmarket traders and investors.

• Pacific Brands had a $38.9 million profit in the six months to December. The company made a $362.4 million loss for the previous corresponding period.

Utah based, Australian listed drilling services company, Boart Longyear (ASX:BLY) have released its full year profit results to sharemarket investors and traders.

• Boart Longyear Net Profit US$68.2 million, down 58 percent.
• Flat revenues of US$2.01 billion, down 0.4 percent.

Bendigo and Adelaide Bank (BEN) have released its first half profit results to the market shareholders, investors and traders.

• Bendigo and Adelaide Bank Net Profit of $189.4 million, a 227 per cent increase year-on-year.
• Underlying cash earnings of $169.7 million, an increase of 4.4 percent.
• In the previous corresponding period, there was a $95 million asset write-down relating to its margin lending equities business.