Lycopodium has cut down their interim dividend, after posting a disappointing half yearly report with a 51.2 per cent drop in profit.
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Monadelphous profit up 10 per cent
Engineering contractor Monadelphous has posted a 10 per cent rise in its first half profit to $87.1 million.
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Shell sells its stake in Wheatstone project
Shell has sold its stake in the Chevron-operated Wheatstone LNG project for $US1.13 billion as it looks to refocus its investments amid massive profit downgrades.
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AGL reports CSG loss
AGL Energy’s 2013 financial report revealed it has suffered massive losses from its New South Wales gas assets.
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Commodity prices shrink MMG bottom line by 75%
Global resources company MMG reported a profit fall of 75 per cent to $35.9 million for the first half of 2013.
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Redundancies cost NRW, posts profit slump
Mining contractor NRW Holdings announced a profit slump and said it has lost more than 2300 employees over the last year as a result of the mining slump and contract termination.
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Twiggy to get hefty reward as FMG posts profit jump
Fortescue Metals Group founder and Chairman Andrew “Twiggy” Forrest will cash in a dividend of more than $102 million after his company’s 2013 profit and dividend surpassed expectations.
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30% drop in BHP profits
Mining giant BHP Billiton reported a 30 per cent drop in full-year profits, with the company saying it had dodged a bullet on a damaging acquisition due to Canadian politics.
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Mining investor sells iron ore stake
Investment firm BlackRock sold down about $60 million worth of iron ore stocks last Thursday, particularly from Fortescue Metals and Atlas Iron.
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BHP dividend to rise despite profit fall
Analysts are predicting BHP Billiton will increase its dividend payout at its annual result even as its profit takes a sharp hit.
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1000 job cuts helps Bradken stay afloat
Mining equipment manufacturer Bradken cut 1000 jobs to weather the mining downturn and it looks like it has worked.
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UGL cuts dividend as profits falls
A fall in profit has led engineering firm UGL to cut its final dividend by more than 80 per cent due to the mining slump.
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Mining slowdown felt by Ausdrill
Ausdrill have reported a 12 per cent profit fall amid a slowdown in the mining sector.
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Newcrest expects growth to continue
Newcrest Mining have told shareholders a period of strong dividend growth can be expected as capital spending on projects peak and higher rates of gold are produced.
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