AUSTRALIA

Asset writedowns lead to $111M loss: Neptune

NEPTUNE Marine Services has recorded a $111 million net loss after tax for the 2011 half year due...

Asset writedowns lead to $111M loss: Neptune

The loss was in line with guidance and compares to the $296,000 loss recorded in the 2009 half year. The $99.5 million in asset writedowns relates to $79.6 million of goodwill impairment while the remainder...

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