AUSTRALIA: Orbital announces 'disappointing' loss
Orbital Engine Corporation today announced an operating loss (before Texmaco provision) of $14.3 million for the six months ended 31 December 2001 compared to an operating loss of $16.2 million in the previous corresponding period. In addition, Orbital has made a $6.4 million provision in respect of its investment in Indonesian licensee Texmaco, taking the total loss after tax to $20.7 million for the half year.
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