Business News

Mining company, Fortescue Metals (ASX:FMG) has announced its first half results to the sharemarket.

• Fortescue Metals Group Net Profit US$478 million, down 40 percent from US$801 million in the previous corresponding period.
• Revenue was $US3.301 billion, down 2 percent from $US3.357 billion.

Seven West Media (ASX:SWM) has reported its first half results to their shareholders, investors and stock traders.

• Seven West Media Net Loss of $109.3 million from a net profit of $163 million for the previous corresponding period.

Iron Ore mining company, Mount Gibson Iron (ASX:MGX) has announced its first half results to shareholders, traders and investors on the stockmarket.

• Mount Gibson Iron Net Profit at $37.1 million, down 71 percent from $129.9 million in the previous corresponding period.

Pathology and medical diagnostic services company, Sonic Healthcare (ASX:SHL) have announced its first half results for 2013 to its shareholders and the Australian stockmarket.

• Sonic Healthcare Net Profit $155.5 million, up 5.4 percent
• SHL revenue up 3.4 percent to $1.641 million.

Southern Cross Austereo (ASX:SXL) have released its first half report for FY 2013 to shareholders, traders and investors.

• Southern Cross Austereo net profit was $45.1 million, down 52 percent from $94 million in the previous corresponding period.
• The company was notably in the centre of a prank call scandal involving its 2DAYFM network, which resulted in a suicide and consequently advertisers exited the network.

Construction and maintenance company Transfield (ASX:TSE) have announced writedowns ahead of its half year results next week.

• Transfield Services have announced an impairment of between $270 million and $285 million in relation to its asternwell Minerals exploration and marine geotechnical businesses, as well as its US downstream maintenance business, Timec.

Online auction website, TradeMe (ASX:TME) has released its first half results for FY 2013. Trade me is a website spun out of Fairfax in 2011.

• Trade Me Net Profit $NZ37.4 million, up 2.7 percent from $NZ 36.4 million in the previous corresponding period.
• The result surpassed a revised forecast from its initial public offer of $NZ34.8 million.
• Trade Me Revenue up 18 percent to $NZ80.4 million.

Employment listings website, Seek (ASX:SEK) has released its first half results for the FY 2013 to shareholders, traders and investors.

• Seek Net Profit $67.54 million, up 11.5 percent.
• Seek Revenue from ordinary activities for the half lifted 32.7 percent to $277.9 million.
• Earnings from its Australia and New Zealand employment business was steady at $120.9 million.

Global mining giant BHP Billiton (ASX:BHP) have announced its first half profits to shareholders, traders and investors participating on the sharemarket.

• BHP Chief Executive Officer Marius Kloppers has retired from his role after 6 years at the helm. He will step down on May 10 2013.

Beverage company, Coca-Cola Amatil (ASX:CCL) have announced its full years results for 2012 to shareholders, investors and traders.

• CocaCola $459.9 million Net Profit, down 22.6 percent year on year.