Australia's PaperLinx posts first half net loss
Thu. February 26, 2009; Posted: 09:40 PM
SYDNEY, Feb 27, 2009 (Asia In Focus via COMTEX) --
PPXLF |
Quote |
Chart |
News |
PowerRating -- Paper company PAPERLINX LTD
(ASX:PPX) has reported a first half net loss after placing an
impairment on its Australian Paper unit, but says its
underlying result was "reasonable". PaperlinX, which is selling
Australian Paper to Nippon Paper for $A700 million ($US454.72
million), placed an impairment on the carrying value of the
unit of $A567.5 million ($US368.65 million), in reporting a
loss for the half year of $560.9 million.
* PaperlinX reported revenue of $3,783.9 million, flat on
the prior corresponding period, and declared no interim
dividend, down from 3 cents in the prior first half.
* But PaperlinX said it had a reasonable operating result,
reporting profit after tax but before significant items of $6.6
million.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index