$82M Longtom impairment hits Nexus' bottom line

DESPITE a strong first half, Nexus Energy has posted a $39.2 million loss for the 2011 financial year after it was hit by an $82 million impairment on the Longtom gas project.

$82M Longtom impairment hits Nexus' bottom line 
$82M Longtom impairment hits Nexus' bottom line 
$82M Longtom impairment hits Nexus' bottom line 
$82M Longtom impairment hits Nexus' bottom line 
$82M Longtom impairment hits Nexus' bottom line

In FY2010, Nexus managed to produce a profit of just over $1 million.

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