Business News

Waste management company Transpacific Industries Group (ASX:TPI) have announced its first half financial results to its shareholders and investors on the Australian stock market.

• Transpacific Industries Group posted a first half net profit of $42 million, up from $16.5 million in the previous corresponding period.
• TPI underlying net profit up to $35.8 million from $25.2 million.

The world's largest scrap metal and electronics recycling company, Sims Metal Management (ASX:SGM) have announced its first half financial results for 2013 to shareholders and investors on the Australian stock market.

• Sims Metal Management $295.5 million loss for the half year, an improvement over $633.2 million loss in the previous corresponding period.

Australia's second largest oil and gas producer Santos (ASX:STO) has announced its full year financial results for 2012 to its shareholders and investors on the Australian stock market.

• Santos posted an annual profit result of $519 million, down 31 percent.
• Santos underlying profit up 34 percent to $606 million.
• STO Annual revenue from ordinary activities up 18 percent to $3.299 billion.

Consumer foods company, Patties Foods (ASX:PFL) have announced its first half financial results for 2013 to its shareholders and investors on the Australian stock market.

• Patties Foods Net Profit $9.1 million, down 16.5 percent from $10.8 million in the previous corresponding period.
• Patties Foods revenue increased 5.1 percent to $125.5 million.

Surfwear company Billabong (ASX:BBG) has announced its financial results for the first half of 2013 to its shareholders and investors.

• Billabong posted a Loss for the half year of $536.6 million, compared to a $16 million profit from the previous corresponding period.

Gold mining company Kingsgate Consolidated (ASX:KCN) has announced its first half profit results to its shareholders and investors on the Australian stock market.

• Kingsgate Consolidated first half profit was $8.1 million, down 76 percent on the previous corresponding period.
• The result included writedowns of $14.9 million for its exploration assets following the sale of properties in Western Australia and Queensland.

Financial Services company IOOF (ASX:IFL) have announced its half year financial results to its shareholders and investors on the Australian stockmarket.

• IOOF Net Profit of $33.2 million for the half year, down 28 percent.
• The financial result included one-off items such as the costs associated with the recent acquisition of Plan B Group Holdings and DKN.

Ten Network Holdings (ASX:TEN) have announced a New CEO. The incoming CEO will be its fifth CEO in 2 years.

• Former CEO James Warburton was sacked last week.
• Incoming Chief Executive Officer Hamish McLennan personally invested 3.13 million shares in the business or $1 million.
• Ten had a net loss of $4.2 million for the 2012 financial year.

Packaging and stationery manufacturing company, Paperlinx (ASX:PPX) have announced its financial performance for the first half of FY 2013 to its shareholders and investors on the Australian stockmarket.

• Paperlinx posted a $57.3 million loss, an improvement of 6 percent from a loss of $60.9 million in the previous corresponding period. The result includes an impairment charge of $24.7 million.
• Paperlinx revenue down 33 percent to $1.46 billion.

Corporate consulting and professional services company, Chandler Macleod Group (CMG) have announced its first half financial results for 2013 to its investors, shareholders and share traders on the Australian sharemarket.

• Chandler Macleod reported a Net Profit of $5.52 million, down 32 percent.
• Revenues increased 3.9 percent to $802 million.