Transpacific Industries NZ posts earnings in 2012 after 2011 loss on writedown

Thu, 23 Aug 2012

By Paul McBeth Aug. 23 (BusinessDesk) - Australian waste manager Transpacific Industries' New Zealand unit reported earnings for the 2012 financial year, from a year-earlier loss that reflected an A$182 million writedown of goodwill on its local assets, largely on the Waste Management business bought in 2006. Transpacific's New Zealand segment, which includes three landfills, reported a profit of A$84.1 million in the 12 months ended June 30, from a loss of A$99.5 million a year earlier. Underlying earnings before interest, tax, depreciation...

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