Woolworths Books A$1.2B Loss on Writedowns, Restructure Costs 

Australian retailer Woolworths Ltd. recorded a large annual loss as it wrote down the value of poorly performing businesses and recorded restructuring costs designed to turn the company around in an increasingly competitive market. (published 2324 GMT Wednesday)

 
 
MIE Holdings: 1H Net Loss Widens to CNY1.40 Billion 

Oil and gas company MIE Holdings Corp. said Thursday its first-half net loss widened to 1.40 billion yuan from CNY324.4 million a year earlier, partly due to lower revenue and higher impairment charges. (published 0039 GMT)

 
 
Sunshine 100 China Appoints Lin Shaozhou as New CEO With Immediate Effect 

Chinese real estate developer Sunshine 100 China Holdings Ltd. said Thursday it has appointed Lin Shaozhou as chief executive, replacing Yi Xiaodi. (published 0022 GMT)

 
 
Amcor Flags Growth Ahead after Net Profit Falls 64% 

Paper and packaging company Amcor Ltd. said it expects earnings to grow in constant currency terms this fiscal year after net profit fell 64% driven by unfavorable foreign exchange moves and a writedown of its Venezuelan operations. (published 0013 GMT)

 
 
AWE Annual Loss Widens 

Oil and gas producer AWE Ltd. reported a wider annual loss, hit by impairment costs and the slump in global energy prices. (published 0005 GMT)

 
 
Nine Entertainment Annual Profit Falls 15% 

Australian broadcaster Nine Entertainment said its annual net profit fell 15% as it lost market share in a weak overall free-to-air television market. (published 2340 GMT Wednesday)

 
 
Iluka Cuts Dividend on 1H Loss; Says Concerns Raised on Takeover 

Australian miner Iluka Resources Ltd. halved its midyear payout as it recorded a first-half loss, and also said the government in Sierra Leone has raised concerns over its proposed takeover of Sierra Rutile Ltd. . (published 2334 GMT Wednesday)

 
 
Digital Agency Barbarian Names Third CEO in Less Than a Year 

its third in a year. (published 2250 GMT Wednesday)

 
 
South32 Pays Maiden Dividend Despite Large Loss 

Base metals and coal miner South32 Ltd. recorded a large annual loss for its first full fiscal year because of US$1.7 billion in charges and weak commodity prices. (published 2247 GMT Wednesday)

 
 
Western Areas Swings to Loss After Nickel Prices Slump 

Western Areas Ltd. slumped to an annual loss because of weak nickel prices and write downs against its assets. (published 2237 GMT Wednesday)

 
 
HP Reports Lower Earnings, Revenue--Update 

HP Inc.'s revenue and earnings shrank in its most recent quarter, but the company showed signs of stabilizing its long-declining personal-computer business, its largest revenue generator. (published 2232 GMT Wednesday)

(END) Dow Jones Newswires

August 24, 2016 21:01 ET (01:01 GMT)

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