Satara may post pretax loss after valuation review finds double counting

Satara may post pretax loss after valuation review finds double counting
Feb. 4 (BusinessDesk) - Satara Cooperative Group, the Te Puke-based kiwifruit and avocado company, may post a full-year loss before tax after an asset revaluation review found it had double-counted its cool stores. The company would reduce the value of land, buildings and plant by $5 million to $33.4 million if it takes all the adjustments in the 2012 year, it said in a statement today. That would turn its pretax earnings to a loss of $2.1 million from a projected profit of $600,000, resulting in a $2.4 million reduction to its asset valuat...