Seven Group Holdings (SVW) is a diversified operating and investment group listed on the Australian Stock Exchange. The operating business encompasses WesTrac, a global top five Caterpillar dealership. It also is a minority holder in Seven West media and major shareholder National Hire.

Seven Group Holdings announced a 1H FY12 profit of $52.1 million, a 57.8% fall on the previous corresponding period.  The result was better than the market expected.

Despite the fall in profit, revenue grew 29.3% to $2 billion over the same period.

The result was spoiled by $165.2 million impairment charge on the carrying value of its investment in Seven West Media.

The company will pay an interim dividend of 18 cents a share, fully franked.

Receive Daily FREE Trading Recommendations, click now.

   Written by: admin   Other posts from: admin

Downer EDI Ltd (ASX:DOW), provides engineering and infrastructure management services to the public and private rail, road, power, telecommunications, mining and resources sectors in Australia, New Zealand, Asia and the Pacific. Downer provides rolling stock services, drilling services for the exploration industry, mine planning and management services and highway maintenance.

Industrials stock Downer EDI today announced it has been awarded a six year magnetite mining contract with Karara Mining for provisions of services at its iron ore project in Western Australia.

The contract which commences this month has total estimated revenue of approximately $570 million over the six years.

CEO Mr Grant Fenn said the contract will enhance Downer’s exposure to the expanding iron ore sector and also increase its geographical presence in Western Australia.

To receive FREE Trading Recommendations, Click Here!

   Written by: admin   Other posts from: admin

NRW Holdings (ASX:NWH) is a provider of civil contracting, mining services and equipment to the resources industry.

A leader in the Western Australia resources sector, NWH provides a number of services, most notably civil contracting services including rail formation, bulk earthworks, road and tunnel construction, and mining services, including earth moving, waste stripping, ore haulage and related ancillary services.

NRW Holdings advised the market that based on current management accounts, net profit for half year ending 31 December 2011 is anticipated to be in the range of $41-$43 million.

This profit forecast would represent a big increase of approximately 100% on the prior corresponding period.

NRW said that the second period of FY12 will be similar to the first period of FY12, subject to any unforeseen events.

Click to Receive FREE Daily Trading Recommendations!

   Written by: admin   Other posts from: admin

Asciano (ASX:AIO) is transport infrastructure and operations company formed from a de-merger from Toll Holdings in June 2007 and joined the ASX 200 soon after.

Today, Asciano released its FY12 September quarter update, saying that it has performed well in uncertain economic times.

However CEO John Mullen did warn global economic conditions were difficult and unpredictable at present, and refrained from releasing specific guidance for the remainder of the FY12.

AIO reported coal volumes fell 9% in the September quarter, amid reduced export demand and delivery issues.

Receive FREE Trading Recommendations for 7 Days, Click Now!

   Written by: admin   Other posts from: admin

Downer EDI (DOW) specialises in the engineering, construction, telecommunications, mining and resource sectors in Australia, New Zealand and the greater Asia Pacific region.

DOW has been one of the shares to sell in 2010 as it contended with falling profits and major problems with its Waratah trains project.

On 8 December, DOW announced further delays in the delivery date of the first of its Waratah trains to RailCorp.

DOW now expects the first Waratah train to be delivered following the completion of a number of tests in January.

The damages payable by DOW were included in the $190 million provision previously announced on 1 June.

Sign up to a free trial to receive DOW and Industrials Stocks news, analysis and advice.

   Written by: admin   Other posts from: admin