McAleese swings to FY loss

By Chris Kohler

McAleese has declined to give forward guidance until its annual general meeting in November as it swings to a significant loss in its first results since listing on the ASX in November last year.

In the 12 months to June 30, the logistics company posted a net loss attributable to owners of $63. 3 million, a significant decline on the $18. 9m profit recorded last financial year.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Late last year, two people were killed when a tanker from subsidiary Cootes Transport overturned and exploded in Mona Vale, Sydney.

The result was affected by significant items totalling $75. 8m, which related to a tanker crash in Sydney, a subsequent restructure of the oil and gas division, impairment charges for goodwill and equipment, and IPO costs.

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.

Read more here: Business Spectator


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>