Paperlinx

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.

Ausenco (AAX), a well known company that operates engineering and project management facilities in a global scale with a portfolio of operations including construction supervision, engineering procurement, project administration, commissioning and management of mineral processing plants activities was the best performer of the 14th week in ASX200 with a gain of 15.9 percent closing the week at $5.10 (market capitalisation $623.9 million).

Ansell (ANN), an Australia based company that operates in the gloves and other protective product industry was the worst performer in the ASX100 list for the 11th week. The company lost 5.6 percent or 65 cents to its stock price and was closed for the week at $12.18.

The Australia based communication paper manufacturing and packaging company Paperlinx (PPX) will turn into a pure merchant of paper products after taking the decision to shut down its Tasmanian manufacturing operations. After a 10 month long review, the company decided to shut down the Wesley Vale operation and some part of the Burnie operation. Instead of going for the complete closure of the Burnie operation, the company will look for a sale for the remaining parts of it.

Gunns (GNS), a fully integrated hardwood forest products company which is involved in milling, timber processing and merchandising, building and hardware supplies merchandising and building contractors with a market capitalisation of $1020.5 million was the best performer of the 39th week in the Australian Stock Exchange with a gain of 15.7 percent closing the week at $1.33. Gunns shares were closed at $1.15 in the prior week.

Murchison Metals (MMX) - one of the leading iron ore exploration companies in Australia was the worst performing stock in ASX 200 on week 25. The company lost 23.4 percent or 51 cents on the share market. Some other worst performing stocks of this list were Gloucester Coal (GCL), Kagara Zinc (KZL), Paper Linx (PPX), ING Industrial Fund (IIF) and Paladin Energy (PDN).

Downer EDI (DOW) was the overall worst performing stock taking in a 13.5 percent decrease. Among the worst performing stocks for the past trading week (week 44 for 2008) on the Australian sharemarket were a mixture of oil, mining and paper: Downer EDI (DOW), Zinifex (ZFX), PaperlinX (PPX), Roc Oil (ROC). Mining companies dominated the worst performing stock lists of both the ASX 100 and ASX 200 indices. These worst performing stocks for week 44 were ranged from 10.5 percent to 13.5 percent in their loss.

Iluka Resources (ILU) was the overall worst performing stock taking in a 10.24 percent decrease. Among the worst performing stocks for the week 39 of 2007 on the Australian sharemarket were a mixture of forestry, paper manufacturing, refining, mining and crop production: Futuris Corporation (FCL), PaperlinX (PPX), Caltex Australia (CTX), Iluka (ILU), Nufarm (NUF). These worst performing stocks for the week 39 recorded losses between 4.03 to 10.24 percent by the end of the trading week.