Feb
28
Slater & Gordon Posts $683 Million Loss on U.K. Unit Writedown
By-
Shares slump as much as 43% as firm unveils first-half results
-
Legal firm working with banks on restructure proposal
Slater & Gordon Ltd., the world’s first publicly listed law firm, posted a A$958.3 million ($683 million) first-half loss as it wrote down the value of a U.K. business it bought last year. Its shares slumped.
The Melbourne-based company took a A$876.4 million goodwill impairment charge and said it’s working with its banks on a restructure proposal. The loss for the six months ended Dec. 31 compared with a net profit of A$49.3 million a year earlier…
Slater & Gordon Posts $683 Million Loss on U.K. Unit Writedown
