AUSTRALIA: Orbital posts $A26.8 million loss
Perth, western Australia-based Orbital Engine Corporation has announced an after-tax loss of $A26.8 million for the year ended 30 June, which includes a $6.4 million provision for investment in Indonesian licensee Texmaco, compared to a $26.8 million loss in the year ended 30 June 2001. The operating loss after taxation was $20.4 million compared to $26.8 million the previous year.
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