Transpacific Industries Group

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.

Australia's largest waste management company, Transpacific Industries Group (ASX:TPI) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Transpacific Industries Group reports a $12.5 million statutory profit after tax
• The net profit comes after reporting a loss of $296.5 million in the previous financial year.
• Total revenue: $2.28 billion, up 4.8 percent.
• EBITDA up 3.7 percent to $440.2 million

Shares of waste management company Transpacific Industries Group (TPI) rose by 0.5 cents to 80.5 cents today after its former founder and executive chairman Terry Peabody filed a legal action to the company claiming $4.6 million of damages yesterday. Peabody is suing his former company regarding its equity raising.

Australia based Transpacific Industries Group (TPI), a company that focuses on the waste management business may face a shareholder class action that litigation funder IMF (Australia) and Maurice Blackburn is considering to bring against the company as they believe it didn’t disclose information regarding its forecasts and earnings to the investors at a timely manner during the year 2008 which caused significant loss to the investors when the TPI shares went down in

APA Group (APA), which is an established energy transmission infrastructure of Australia had the best performing stocks of the 7th week in ASX100 with a gain of 9.4 percent or 30 cents to its stock price closing the week at $3.46 (market capitalisation $1760.5 million).

Lihir Gold Limited (LGL), an Australia based that is engaged in gold mining, exploration and gold processing in the Australasian region was the best performer of the 36th week in ASX100 with a gain of 9.5 percent or 26 cents closing the week at $2.98.

Aristocrat Leisure (ALL), a gaming company which is engaged in developing gaming machines, software systems and related equipment with focus in Americas, Asia Pacific and Europe was the worst performer in the ASX100 index for the week losing 5.2 percent or 26 cents in its stock price and was closed for the week at $4.67.

Transpacific Industries Group (TPI), a company that provides waste and environmental service, terminal service and vehicle retailing mainly in Australia, South Pacific and New Zealand was the worst performing stocks in the Australian stock exchange for the 30th week that saw a fall of 16.7 percent in its stock price and was closed for the week at $1.18.