Efforts to restructure and cut costs were not enough to offset falling sales and margins for the premium appliance company.
Octaviar’s New Zealand arm has repaid out-of-pocket debenture holders 32.9c in the dollar so far.
Volpara is raising $A55 million to fund a Seattle business that will give it much better access to the US market.
The swing from a 3.2% drop in December was double expectations.
The economy is slowing but some regions continue to buck the trends.
Shares drop 2% after announcement.
Shoeshine: Shareholders have little choice but to hope a huge rights issue will rescue their company.
Market Outlook: RBA cut widely expected and Wall Street tumbles.
As small property investors walk away from investment properties in the newly regulated environment, better-financed long-term players will step in.
How do firms improve productivity by looking after their staff?