not good. 100m profit now 86m loss, page-2

taken from yahoo finance

ABC Learning to write down $213m

Thursday July 31, 2008, 9:22 am


Childcare operator ABC Learning Centres Ltd says it will write down $213 million, not pay a final dividend and declare a full-year pre-tax loss.

The company will post a pre-tax loss of $437 million for the 12 months to July 31 and earnings before interest, tax, depreciation and amortisation (EBITDA) for the same period will also be a loss of $86 million, Brisbane-based ABC said in a statement on Thursday.