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ENRC Swings to Annual Net Loss After Incurring $1.54B Impairment Charge
Mar. 20, 2013 02:48PM PST
Precious MetalsMarketwatch reported that Eurasian Natural Resources Corp Plc announced on Wednesday that the company has swung to an annual net loss after it incurred a $1.54B non-cash impairment charge related to its platinum assets as well as other metal assets.
Marketwatch reported that Eurasian Natural Resources Corp Plc announced on Wednesday that the company has swung to an annual net loss after it incurred a $1.54B non-cash impairment charge related to its platinum assets as well as other metal assets.
As quoted in the market news:
ENRC swung to a net loss of $804 million for the year ending Dec 31, 2012 compared to a net profit of $1.97 billion the year before, prompting the company to say it wouldn’t pay a final dividend in 2012.