Write-offs hit NZ Oil & Gas’ bottom line
Shares remain unchanged despite loss.
Reweti Kohere
Tue, 27 Aug 2019
New Zealand Oil & Gas has posted a net loss of $2.9 million off the back of disastrous investments in Indonesia and Taranaki.
The NZX-listed company’s post-tax result has dropped 40% for the financial year ended June 30 from last year’s profit of $4.8m.
The company wrote off the Kisaran
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Reweti Kohere
Tue, 27 Aug 2019
Contact the Writer: reweti@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Company profile
Write-offs hit NZ Oil & Gas’ bottom line
Business,
80623