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ABN Newswire Stocks to Watch: February 12, 2010
ABN Newswire Stocks to Watch: February 12, 2010
Sydney, Feb 12, 2010 AEST (ABN Newswire) - SAI Global Limited (ASX:SAI) reported a record half-year net profit after tax of A$13.7M, representing an increase of 33.2% over the corresponding period. A strong contribution from the property services business which includes a sizeable contribution from Espreon, together with continued organic growth, more than offset the adverse impacts of the stronger Australian dollar and the weaker trading conditions experienced by the standards training and automotive assurance businesses.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) said it has received the Project Approval and Business Licence for its China Lithium Carbonate Plant in Jiangsu Province. Both approvals were granted by the Jiangsu Province Administration Bureau for Industry and Commerce and represent the final key milestones for the Company's Lithium Carbonate plant development.

Further to Dynasty Metals Australia Limited's (ASX:DMA) November 2009 announcements regarding its 400Mt flagship deposit on its Prairie Downs tenements in the Pilbara Western Australia, the Directors are pleased to present beneficiation results from three bulk samples and the results from 'handpicked' proof of concept samples.

Contact

Michelle Liang
Asia Business News Asia Bureau
TEL: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


Related Companies

SAI Global Limited        
Galaxy Resources Limited        
Dynasty Resources Limited       

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