Yellow Pages still awash in red ink, writes off remaining goodwill

Tue, 27 Nov 2012

By Paul McBeth Nov. 27 (BusinessDesk) - Yellow Pages, the directory company whose lenders seized control in 2010, was tipped into the red in the latest financial year by writedowns that wiped out remaining goodwill. Holding company NZ Directories Holdings narrowed its net loss to $78 million in the 12 months ended June 30, from $353 million in a five-month trading period a year earlier, according to financial statements lodged with the Companies Office. A $112.9 million impairment charge on the value of its brand, goodwill and customer rel...

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