Sentences with phrase «writedown after»

It was the biggest deal in the company's history, but last February it announced a $ 2.49 - billion writedown after finding out that the gold at Red Back's Tasiast mine was of a lower grade than previously thought.

Not exact matches

The writedown came late in the quarter after a Dec. 22 decision by Portugal's central bank that effectively wiped out certain Banco Espirito Santo creditors.

Meanwhile, Paramount is already off to a rough start this year after the studio said in the fall that it would need to take a whopping $ 115 million writedown on its earnings for an unnamed 2017 film.

Embattled Noble has been negotiating a $ 3.4 billion debt - for - equity swap — crucial to its survival — after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years.

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

After chopping spending by almost one - third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants Continue Reading

After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.

SIX Swiss Exchange — April 29, 2016 After a turbulent year of restructuring, capital raising and unexpected writedowns punctuated by a net loss, Credit Suisse would like to turn the page at this year's AGM.

The restructuring continues four years after Sobeys» botched integration of the western Canadian Safeway chain that led to departing customers, spiralling sales and $ 2.9 billion in writedowns before the former Canadian Tire CEO was brought in to turn around the business.

The Swedish telecoms kit maker made a $ 1.4 billion first - quarter operating loss after provisions and writedowns announced in March.

Coopers Brewery has been forced into another big writedown of its Mr Beer home brewing kits business in the United States after major bricks and mortar retailers stopped stocking it in physical stores, as online juggernauts led by Amazon up - ended the market.

In the year to June 30, 2017, Murray Goulburn reported a loss of $ 370 million loss after a series of writedowns and processing plant closures.

Shares in food and coffee franchisor Retail Food Group fell 10 per cent after the company trimmed profit growth forecasts and flagged writedowns.

Shares in food and coffee franchisor Retail Food Group fell 10 per cent after the company trimmed profit growth forecasts and flagged writedowns that will slice bottom - line profits by about 16 per cent.

I'll use the homebuilders as an example here — at troughs, they sometimes trade for half of written - down book value, The question becomes the final side of the book value after the writedowns.

Bank writedowns are all about human nature really — for years, they are too slow and too foolishly optimistic to recognize problems / losses, and finally after quarters / years of pain / catching up, and a rather inevitable complete change in management, they become terminally depressed and assume every single asset on the B / S needs a kitchen - sink writedown.

On the face of this, valuation's binary: Either the EUR 0.25 per share Potential Offer is realized, or the Offer fails and Fair Value equates to the current estimated Equity (after over EUR 50 mio of losses and writedowns in 2011!)