-
NZ $100 notes - Source: ONE News
Yellow Pages Group has reported a full-year net loss of $338 million, with chief executive Bruce Cotterill saying the company had been hit by one-off costs.
In 2007 investors, including the Ontario Teachers Pension Plan, bought Yellow Pages from Telecom for $2.2 billion.
Cotterill told NBR one-off costs during the year to the end of June included a $195 million goodwill impairment made necessary by the global financial crisis. The group also had to pay $191 mllion in interest.
Putting one-off items aside, and adding full year results from the Finda division, bought from APN in February, "proforma" ebitda profit was $166 million, up 0.6% from the previous year, Cotterill said.
Reported revenue edged up $4 million to $297 million.
Advertisement
