$39m impairment sees Port of Auckland report net loss
Despite an after-tax trading profit of NZ$26.9m in the 2011-12 financial year for Ports of Auckland, the port has reported a net loss after tax of NZ$11.9m (last year $23.3m profit).
Credit Ports of Auckland
POAL took an impairment on land value of $38.9m although the decrease in land value was reportedly offset by an increase in valuation on wharves and buildings of NZ$60m.
Other notable results were:
- Total Earnings Before Interest and Taxes (EBIT)...
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