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| Subject: Re: Hi Pete ---Joan---one off non cash is it----Cheers. | |
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Author: one-off non-cash |
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Date Posted: 05:39:06 01/03/03 Fri In reply to: 's message, "http://members.fortunecity.com/tvthemes2/i_married_joan.wav" on 04:44:19 01/03/03 Fri http://www.theage.com.au/articles/2002/03/11/1015365767305.html ------------------------------------------------------------ ERG rides out cashless writedown Eli Greenblat March 12 2002 ----------------------------------------------------------- New transport system contracts in France and Norway should help to counter ERG's joint-venture setbacks. ------------------------------------------------------------ The smartcard company ERG, which supplied the technology for Melbourne's OneLink ticketing system, recorded a $200 million net loss for the December six months as a new policy of writing down its equity assets scorched the bottom line. ------------------------------------------------------------ The company had to swallow $155 million in one-off non-cash |