Civmec’s H1 FY2025 net profit falls 16.9% to A$26.5 million

Civmec’s H1 FY2025 net profit falls 16.9% to A.5 million

CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period. The company said in a bourse filing on Thursday (Feb 13) that this was due to a lower gross margin and higher administrative expenses incurred in…

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US Bitcoin miners disrupted by Chinese supplier under scrutiny

US Bitcoin miners disrupted by Chinese supplier under scrutiny

CRYPTO miners in the US are experiencing delays receiving deliveries of new equipment, threatening their competitiveness and profit margins, as the Chinese juggernaut that supplies the bulk of their machinery comes under scrutiny amid a trade war. Recent shipments of machines made by Beijing-based Bitmain Technologies to US clients have been delayed due to heightened…

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Barclays sets new performance goals as 2024 pretax profit rises

Barclays sets new performance goals as 2024 pretax profit rises

BARCLAYS upped its 2025 performance guidance on Thursday (Feb 13) after posting a 24 per cent rise in annual pretax profit for 2024 that beat expectations, as its investment bank enjoyed strong income growth and slower than expected interest rate cuts boosted its domestic lending business. The British corporate, consumer and investment bank reported profit…

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