Transpacific posts deep FY loss

Group swings to FY loss on $276m in impairments on businesses set for sale or closure, Australia Post Collection assets.

Transpacific Industries Group (TPI) will continue its cost cutting drive and look to close or offload under-performing divisions, after swinging deep into the red for the full-year on $276 million in impairments. 

The group posted a full-year net loss of $218.7 million, from a $12.5 million profit in the previous year.

In June the company had set guidance for net profit after tax attributable to shareholders of between $46 million and $53 million.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles