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Alesco shares plunge on profit downgrade

Shares in Alesco Corporation Ltd plunged more than 30 per cent during intra-day trading on Wednesday after the building and household products firm had downgraded its profit forecast. Alesco said after the stock market had closed on Tuesday that soft trading conditions had led to a

Alesco shares plunge on profit downgrade

AAP At 1456 AEDT on Wednesday, Alesco shares were $1.37, or 30.04 per cent, lower at $3.19, after going as low as $3.15. Alesco said after the stock market had closed on Tuesday that soft trading conditions had led to a weaker-than-expected third quarter performance, and the company now

Groves projections for ABC Learning were $200m "off the mark": finance chief

At public examinations into the collapse, the Federal Court in Brisbane yesterday heard how incoming senior management at ABC Learning discovered in just two days of number-crunching how wrong Mr Groves had been about its wealth. Its former chief financial officer, Peter Trimble, said he was

Groves "off the mark" by $200 million

ABC Learning founder Eddy Groves was "off the mark" by about $200 million when he presented his company's financial situation to lenders just months before its collapse. At public examinations into the company's collapse, the Federal Court in Brisbane today heard how incoming senior
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Sparkle in their eyes: Telecom Italia hit by $3b scandal

Europe's No.5 telecoms operator said it estimated virtually flat core profits, but had not approved the figures after authorities seized 300 million euros from Sparkle in the probe. It said Sparkle could not quickly approve its own books as it sifts a 1,600-page court order but that it was

Sparkle in their eyes: Telecom Italia hit by $3b scandal

Europe's No.5 telecoms operator said it estimated virtually flat core profits, but had not approved the figures after authorities seized 300 million euros from Sparkle in the probe. It said Sparkle could not quickly approve its own books as it sifts a 1,600-page court order but that it was
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Breville ups profit, reaffirms guidance

AAP Electrical appliance producer Breville Group Ltd has increased first half profit, reaffirmed its full year guidance and says it's well positioned for the second half. Breville's net profit for the six months to December 31 was up 43 per cent at $15.35 million, from $10.77 million
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Goodman Fielder first half profit up

Net profit for the six months to December 31 was $90.3 million, up from $72.3 million in the previous corresponding period. Profit from continuing operations was $82.9 million, up 59.7 per cent. "The business is continuing to perform solidly into the second half of the financial
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Downer posts rise in first half profit

Downer has reported a first half net profit of $87.037 million, up 1.9 per cent from $85.443 million in the first half of fiscal 2009. Revenue was down 2.9 per cent at $2.841 billion, but earnings before interest, tax, depreciation and amortisation (EBITDA) were up 9.4 per cent at
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Carsales first half profit up 51pc

The group operates a network of websites and posted a net profit for the six months ended December 31 of $19.06 million, up from $12.72 million. Operating revenue rose 26 per cent to $56.1 million while earnings before interest, tax depreciation and amortisation (EBITDA) gained 48
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Pacific Brands profits from staff cuts

The maker of iconic brands including Bonds and King Gee said its report net profit for the six months ended December 31 was $22.2 million, compared to a loss of $150 million in the previous corresponding period. Its net profit before significant items was down 39.7 per cent to $35.5
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Pac Brands profit jumps sharply

The maker of iconic brands including Bonds and King Gee said reported a net profit for the six months ended December 31 was $22.2 million, compared to a loss of $150 million in the previous corresponding period. Shortly after the market opened, shares in Pacific Brands had fallen 8 cents to
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Pacific Brands to close tenth factory

AAP The owner of clothing brands including Bonds, Berlei and Holeproof said its earnings before interest and tax (EBIT) would grow next financial year after falling 35.8 per cent in the first half of 2009/10. Pacific Brands on Wednesday reported its first half result, posting a net profit

Carsales first half profit up 51pc

The group operates a network of websites and posted a net profit for the six months ended December 31 of $19.06 million, up from $12.72 million. Operating revenue rose 26 per cent to $56.1 million while earnings before interest, tax depreciation and amortisation (EBITDA) gained 48
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Carsales H1 profit up 51%

AAP Carsales.com Ltd, which listed on the stock exchange last September, has reported a 51 per cent rise in first half profit and says it expects to exceed its annual earnings forecast. The group operates a network of websites and posted a net profit for the six months ended December
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Carsales profit jumps 51%

Carsales.com Ltd, which listed on the stock exchange last September, has reported a 51 per cent rise in first half profit and says it expects to exceed its annual earnings forecast. The group operates a network of websites and posted a net profit for the six months ended December 31 of
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Macarthur Coal profit plunges

Macarthur Coal has posted a first half net profit 63 per cent down on the prior corresponding half year, but says demand is improving and full year sales should be better than forecast originally. The Queensland-based coal miner unveiled net profit for the six months to December 31 of
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Pacific Brands net profit up sharply

The maker of iconic brands including Bonds and King Gee said its net profit attributable to members for the last six months of 2009 was $22.2 million, up 114.8 per cent. But its net profit after tax was down 39.7 per cent to $35.5 million, while its earnings before interest, tax

Pacific Brands net profit up sharply

AAP The maker of iconic brands including Bonds and King Gee said its net profit attributable to members for the last six months of 2009 was $22.2 million, up 114.8 per cent. But its net profit after tax was down 39.7 per cent to $35.5 million, while its earnings before interest, tax and

Pacific Brands net profit up sharply

The maker of iconic brands including Bonds and King Gee said its net profit attributable to members for the last six months of 2009 was $22.2 million, up 114.8 per cent. But its net profit after tax was down 39.7 per cent to $35.5 million, while its earnings before interest, tax and
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