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Article: Write-downs hit Austock.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 20, 2008
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Copyright informationCOPYRIGHT 2008 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ben Wilmot
Aug 20, 2008 (The Australian Financial Review - ABIX via COMTEX) -- Analysts anticipate that Austock Group will report a 15% profit decrease in 2007-08, after recognising $A8 million in write-offs. Austock reported on 20 August 2008 that its trading position remains strong despite the extensive losses. Austock's $A1.6 million stake in the Australia Pacific Exchange was written off following poor performances, while it halted plans to ...
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