First Gas writes off $27m on weaker gas supplies
Impairment of distribution network offsets higher operating profit.
First Gas said it expects a slowdown in gas demand growth as consumers consider alternative energy sources.
Infrastructure company First Gas has written off $27 million from the value of its gas distribution network on declining gas supplies, weak demand and regulatory restrictions.
Financial statements filed to the Companies Office show First Gas, owner of 2500km of gas transmission lines and a 4800km
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