Subscribe to RSS feedQantas Freight in the red as turnover dives
by
Rob McKay
—
last modified
Aug 27, 2009 04:59 PM
QANTAS Freight Enterprises took a heavy hit last financial year, contributing to the disappointing overall performance by the group which was announced last week.
Qantas Freight reported underlying earnings before interest and tax (EBIT) of $7m for the year, $72m down on the previous year.
Including a $22m impairment of goodwill, EBIT came in at a loss of $15m.
“The result was reflective of...
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