AUSTRALIA

Matrix in the red

ONE-OFF costs have affected Matrix Composites and Engineering's bottom line as expected, with the Perth-based engineering company reporting a $A2.4 million net loss after tax for the first half of the 2012 financial year.

Marija Stojkovic

It compares to a net profit after tax of $15.7 million in the previous corresponding half. Sales revenue for the first half was also lower, down almost 5% to $83.5 million due to the strength of the...

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