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Marubeni expects $1bn writedown on losses
2015-01-26 10:21:38| Chemicals - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
Marubeni expects $1bn writedown on losses
2015-01-26 10:01:49| Grocery - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
TeliaSonera warns of 236m Q4 writedown
2015-01-19 01:00:00| Total Telecom industry news
Swedish telco to take haircut on Eurasian operations.
Tags: warns
teliasonera
writedown
236m
Market takes Target write-down in stride
2014-07-03 10:35:26| Agriculture - Topix.net
The $680 million writedown pinned to Target shouldn't come as a surprise given the business' poor financial performance over the past few years, with the merchandise and apparel chain arguably the weakest performing division scooped up by Wesfarmers when it bought Coles in 2007, analysts said.
Tags: market
takes
target
stride
AUS: Treasury Wine Estates lines up AUD260m writedown for "reset year"
2014-06-25 12:14:00| Daily beverage news and comment - from just-drinks.com
Treasury Wine Estates has flagged a AUD260m (US$243.6m) writedown in fiscal 2014 as its look to "reset" with a raft of structural changes.
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