Well if this is right there isn't a penny left for any one - can't these jokers tell the difference between 977 mill and 9.77 billion. Who are these so called financial experts??, glad they don't manage my money!!!!!!
BUSINESS SPECTATOR NEWS Published 5:59 PM, 25 Sep 2009 By a staff reporter
Babcock and Brown Infrastructure Group Ltd (BBI) has posted a $9.77 billion loss for the 2009 financial year, after an impairment charge of $8.9 billion, as well as negative market movements related to interest rate and foreign exchange hedges, hit the company's bottom line.
BBI flagged the massive impairment charge to shareholders in August, as its loss shaped up, dwarfing its net loss of $44.4 million for the 2008 financial year.
The company said the loss was offset somewhat by a gain on the disposal of 58 per cent of its stake in Powerco, totalling $123.7 million.
BBI Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
