Business Services Industry
Dramatic earnings drop splashes red paint over Wattyl.
Australasian Business Intelligence, September, 2001
Sep 13, 2001 (The Courier-Mail
ABIX via COMTEX) -- Troubled Australian paint-maker Wattyl reports a 2000-2001 after-tax net loss of $A22.4m. The result compares with a 1999-2000 profit of $A17.68m. The company says it was adversely affected by a number of write-downs related to its Asian and American businesses, poor past management decisions, margin pressures caused by higher raw material costs, and overdue reinvestment activities. The company says it has repositioned itself for stronger future results. Operational profits were $A1.5m. The company is now intent on exiting its Asian businesses.
WATTYL LIMITED - ASX WYL
All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us. No part of the
copyright...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express