News from September 2012
Solid Energy asset impairments contribute to $40.2m loss
State owned Solid Energy reported a $40.2m loss for the financial year to June 2012. Putting aside asset write downs the underlying earnings were reportedly $99.7m. Notwithstanding this self described good performance Solid Energy has major restructuring plans underway. These plans include selling off non core businesses such as Nature’s Flame wood pellet operation and […]