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PGG Wrightson take $321M charge on goodwill, operating earnings drop on drought

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …

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APN ekes out 1H profit on asset sales, looks at quitting brandsExclusive retail site

APN News & Media, the Australasian publisher of the New Zealand Herald newspaper, returned to profit in the first half of the financial year as it sold assets and clamped down on costs, and is mulling the sale of its underperforming brandsExclusive retail website. The Sydney-based media group reported net profit of A$12.8 million, or 1.9 cents per share, in …

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Transpower pays $295M dividend to government as profit soars on asset sale

Transpower, the state-owned national electricity grid operator, will pay the government almost $295 million in dividends for this year after annual profit more than tripled. data entry online jobs The Wellington-based company, which isn’t among SOEs slated for partial privatisation, will pay a final dividend of $137 million to the government, adding to its special dividend of $65.7 million declared …

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