NZ write-down

APN News & Media has warned it is likely to cut the intangible value of its New Zealand publishing assets. APN's share price has fallen from 60? to 51? in the past five days. The amount of the impairment charge is yet to be finalised. Net profit for the half-year is expected to be $3 million less than last year's, as previously advised.

APN News & Media has warned it is likely to cut the intangible value of its New Zealand publishing assets. APN's share price has fallen from 60? to 51? in the past five days. The amount of the impairment charge is yet to be finalised. Net profit for the half-year is expected to be $3 million less than last year's, as previously advised.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles