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Miner Consolidated Minerals confirmed a strong outlook for all its core businesses as it swung into profit for the year.

Pre-tax profit for the year came at A$46.2m compared with the loss of £8.9m last time. Total Revenue rose 27.9% to A$274.6.

The group also increased production guidance for its manganese and nickel divisions

"Unlike many other resource companies, through much of FY2007 we did not benefit from soaring commodity prices, with only a marginal (4%) increase in received manganese prices seen during the year and nickel prices constrained by existing hedging positions," said managing director Rod Baxter.

"The turnaround in our financial performance was driven by a combination of cost containment, increased investment in improving our businesses and productivity improvements," he added.

Shares in Yoomedia rallied on news that the interactive gaming firm entered into an agreement with Meteor Parking to provide remote payment services via a secure cashless payment service called YooPark.

Under the terms of the deal, the group will earn a minimum of 17p per transaction per space.

Initially the agreement will cover at least 19,000 spaces, all at railway station car parks, with expected further growth through roll-outs to other Meteor locations.

Tasmania-based miner Van Dieman said the in-site value of the revised JORC resource is in excess of A$1.3bn.

"I am very pleased with the progress that we have made in developing the resource base," said managing director Clive Trist.

"We are continually adding to our knowledge of the resource, which now has an in-situ value of over A$1.3 billion, and expect to be in a position to further increase the JORC figure later this year," he added.