July 29, 2008 –Australand hit by revaluation, writedown
CapitaLand’s Aussie unit’s half-year earnings slide 79% to A$25.6m
Property revaluation and project writedown have resulted in CapitaLand’s Australian subsidiary, Australand, reporting a 79 per cent year-on-year fall in net profit to A$25.6 million (S$33.4 million) for the half-year ended June 30, 2008.
July 29, 2008– Oceanus interim gain halves to 21.3m yuan on goodwill writeoff
Oceanus saw its net profit for the first six months of this year halved from 44.09 million yuan a year ago to 21.27 million yuan, due largely to a hefty goodwill write-off of about 150 million yuan arising from its reverse takeover of TR Networks in April.