MCGRATH UPBEAT AS PROFIT HITS TARGET

REAL estate group McGrath Ltd (ASX:MEA) capped off a tough full year as a listed company by delivering on its revised profit forecasts issued earlier this year.

The Sydney-based company posted a net profit of $8.4 million in FY16, up 20 per cent from a year earlier, but short of the $10 million profit it had planned in its prospectus at the e...

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SLATER AND GORDON LOSS TO TOP $1 BILLION

EMBATTLED legal firm Slater and Gordon (ASX:SGH) is headed for a full-year loss of more than $1 billion after racking up more losses in the second half.

However, managing director Andrew Grech (pictured) has highlighted improvements made in the second half performance as the company tries to rebuild its fortunes after its troubled acquis...

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SEYMOUR WHYTE SEES LIGHT AGAIN

SEYMOUR Whyte's (ASX: SWL) profit has cracked the million-mark as the Brisbane engineering and construction company starts its rise from turbulent times. 

Net profit after tax was within guidance, totalling $1.3 million, down from a $9.9 million result this time last year.

It was, however, an improvement on the $200,000 half year ...

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TOUGH HALF TAKES SHINE OFF LAW FIRM

SHINE Corporate's (ASX:SHJ) full-year earnings have slumped 50 per cent after a tumultuous year for the ASX-listed Brisbane law firm. The $14.8 million net profit compares with $29.6 million in FY15 and comes despite a record year of billings by the group with customer receipts rising to $152.9 million from $134.6 million. However...

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WATPAC CLINGS TO CONSTRUCTION AS PROFIT SUFFERS

SPENDING 12 months riding a down-turning industry, Watpac Limited (ASX: WTP) has emerged a little bruised, yet not completely out for the count, following its full year result. Posting a statutory loss after tax this morning of $21.4 million, down from an $11.5 million loss in FY15, the Brisbane giant admits its result was once again affe...

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