Pacific Brands is selling its KingGee, Stubbies and Hard Yakka workwear brands to Wesfarmers for 180 million dollars. The effort to look at the company's performance comes against the backdrop of another big full-year loss. Pacific Brands lost a quarter of a billion dollars in its 12 months to June, which it blames on restructuring cost. It compares to last year's profit of almost 74 million dollars and means no full-year dividend1 for shareholders2. David Bortolussi will take up the Chief Executive role after John Pollaers resigned suddenly in July after a falling out with the board.
Mining drilling company Boart Longyear has warned
investors3 its future is at risk. Boart has advised its investors it must complete a review and a recapitalization by the middle of next year to continue as a going concern. The warning was issued as Boart released its half-year results, a net loss after tax of 154 millions dollars which was driven by a weak mineral exploration activity. All the stocks Boart Longyear has fallen sharply since the end of 2008
plummet4 around 18 dollars a share to close at 17 cents today.
On the broader Australian share market:
Mining stocks kept a little in gain. By the close the All Ords managed a 2-point increase; the ASX 200 index was up three.
Across the region:
Japan's Nikkei has closed just over half a percent lower. And the Australian Dollar has been dipping against the greenback but it since recovered to 92.94 US cents.
点击
收听单词发音
1
dividend
|
|
n.红利,股息;回报,效益 |
参考例句: |
- The company was forced to pass its dividend.该公司被迫到期不分红。
- The first quarter dividend has been increased by nearly 4 per cent.第一季度的股息增长了近 4%。
|
2
shareholders
|
|
n.股东( shareholder的名词复数 ) |
参考例句: |
- The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
- the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
|
3
investors
|
|
n.投资者,出资者( investor的名词复数 ) |
参考例句: |
- a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
- a cash bonanza for investors 投资者的赚钱机会
|
4
plummet
|
|
vi.(价格、水平等)骤然下跌;n.铅坠;重压物 |
参考例句: |
- Mengniu and Yili have seen their shares plummet since the incident broke.自事件发生以来,蒙牛和伊利的股票大幅下跌。
- Even if rice prices were to plummet,other brakes on poverty alleviation remain.就算大米价格下跌,其它阻止导致贫困的因素仍然存在。
|